Shares of EVgo, Inc. (NYSE:EVGO – Get Free Report) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.22.
Several analysts have issued reports on the company. UBS Group dropped their price objective on EVgo from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 price objective on shares of EVgo in a research note on Monday, September 30th. Marathon Capitl upgraded EVgo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on EVgo from $6.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on EVgo from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, December 20th.
View Our Latest Analysis on EVgo
Insider Buying and Selling
Institutional Investors Weigh In On EVgo
A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of EVgo during the 3rd quarter valued at $51,000. Creative Planning boosted its holdings in shares of EVgo by 32.7% during the 3rd quarter. Creative Planning now owns 13,365 shares of the company’s stock valued at $55,000 after acquiring an additional 3,297 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in shares of EVgo by 31.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company’s stock valued at $60,000 after acquiring an additional 3,500 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of EVgo during the 4th quarter valued at $72,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of EVgo during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 17.44% of the company’s stock.
EVgo Stock Performance
EVGO opened at $3.43 on Tuesday. EVgo has a 52-week low of $1.65 and a 52-week high of $9.07. The firm has a market capitalization of $1.04 billion, a PE ratio of -8.17 and a beta of 2.35. The business’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $5.05.
EVgo (NYSE:EVGO – Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $67.50 million during the quarter, compared to analyst estimates of $66.52 million. The business’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. On average, research analysts forecast that EVgo will post -0.45 earnings per share for the current year.
About EVgo
EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) 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.
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