Dominion Resources, Inc. (NYSE:D)’s Price Target Increased By Jefferies

by Sean Patterson | Tuesday, Apr 8, 2014 | 1289 views

Boston, MA, 04/08/2014 (usastockreports) – Dominion Resources, Inc. (NYSE:D) has recently faced an increase in its price target at Jefferies Group. JEF increased its price target on D’s stock to $72.00 which was previously $ 71.00. According to the analysts at JEF, D is expected to show an upside of 3.24% with respect to its current price.

Financial details of D:

As per the last quarter earnings reports by the firm, D received an EPS of $0.74 in that quarter whi9ch was expected to $0.89. In the same quarter of the previous year, D’s EPS was calculated to be $0.69. This year, D is expected to receive an EPS of $3.53.

Dominion Resources, Inc. (NYSE:D) has faced a year low price target of $53.79 and a year high price target of $72.22. The firm’s moving average for 50 days has been calculated to be $69.97 and that for 200 days it is $66.08. Total market capital of the firm is about $40.433 and its P/E ratio is 23.75.

Analysis by other firms

D has recently been analyzed by the analysts of many firms and these firms also changed their rating and price target on the stocks of D according to their analysis. The analysts of Deutsche Bank maintained their rating on D’s stock to be a ‘Hold’ and also changed their target price on the shares to $66.00. Also, the analysts of Argus performed and analysis and then downgraded the rating on the shares to a ‘Hold’ which was previously ‘Buy.’ And finally S&P’s analysts also downgraded the rating on shares to a ‘Sell’ which was previously a ‘Hold’.

Of all the analysis done on Dominion Resources, Inc. (NYSE:D)’s shares and stocks, one analyst rated it to be a ‘sell’, ten analysts gave the shares a rating of ‘Hold’ and eight analysts gave an issuance of ‘Buy’ rating. So, the average rating of the firm’s shares is ‘Hold’ and the average price target is about $65.08.

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