EVgo (NYSE:EVGO – Get Rating) had its price objective reduced by equities researchers at Northland Securities from $9.00 to $7.00 in a report released on Wednesday, The Fly reports. Northland Securities’ target price suggests a potential upside of 81.35% from the stock’s current price.
EVGO has been the topic of a number of other reports. Bank of America cut their price objective on shares of EVgo from $7.00 to $1.00 in a report on Friday, May 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of EVgo in a report on Friday, March 31st. Stifel Nicolaus assumed coverage on shares of EVgo in a report on Tuesday, May 16th. They issued a “buy” rating and a $9.00 price target on the stock. Evercore ISI cut their price target on shares of EVgo from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, March 31st. Finally, JPMorgan Chase & Co. downgraded shares of EVgo from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $6.00 in a report on Thursday, January 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, EVgo currently has a consensus rating of “Moderate Buy” and an average target price of $8.28.
EVgo Trading Down 0.5 %
Shares of EVGO stock opened at $3.86 on Wednesday. The firm has a market capitalization of $1.04 billion, a PE ratio of -10.43 and a beta of 2.00. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.81. EVgo has a 12 month low of $3.64 and a 12 month high of $12.65.
Institutional Investors Weigh In On EVgo
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of EVgo by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,389,649 shares of the company’s stock worth $50,542,000 after purchasing an additional 142,227 shares during the last quarter. Allianz Asset Management GmbH bought a new position in shares of EVgo in the first quarter worth approximately $32,188,000. State Street Corp increased its position in shares of EVgo by 13.9% in the first quarter. State Street Corp now owns 2,770,437 shares of the company’s stock worth $21,582,000 after purchasing an additional 339,147 shares during the last quarter. Pictet Asset Management SA increased its position in shares of EVgo by 5.1% in the first quarter. Pictet Asset Management SA now owns 2,657,874 shares of the company’s stock worth $20,705,000 after purchasing an additional 128,210 shares during the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of EVgo by 29.7% in the fourth quarter. Banque Pictet & Cie SA now owns 2,372,600 shares of the company’s stock worth $10,606,000 after purchasing an additional 544,000 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors.
EVgo Company Profile
EVgo, Inc owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.
- Get a free copy of the StockNews.com research report on EVgo (EVGO)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for EVgo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVgo and related companies with MarketBeat.com's FREE daily email newsletter.