Vistra Energy (VST) Downgraded by Zacks Investment Research to Hold

Vistra Energy (NYSE:VST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday. They presently have a $23.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 16.87% from the company’s current price.

According to Zacks, “Vistra Energy Corp. is an energy company. It offers electricity and power generation, distribution and transmission solutions. Vistra Energy Corp. is based in Dallas, United States. “

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Several other equities research analysts have also commented on the company. Macquarie assumed coverage on Vistra Energy in a research report on Wednesday, March 28th. They issued an “outperform” rating on the stock. UBS upgraded Vistra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $27.00 in a research report on Tuesday, March 6th. SunTrust Banks restated a “hold” rating and issued a $21.00 price objective on shares of Vistra Energy in a research report on Tuesday, February 27th. Royal Bank of Canada restated a “buy” rating and issued a $23.00 price objective on shares of Vistra Energy in a research report on Thursday, February 1st. Finally, Guggenheim restated a “buy” rating and issued a $23.00 price objective on shares of Vistra Energy in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.79.

Shares of NYSE:VST opened at $19.68 on Friday. Vistra Energy has a twelve month low of $14.50 and a twelve month high of $21.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 1.98. The company has a market capitalization of $8,431.86 and a P/E ratio of 20.50.

Vistra Energy (NYSE:VST) last released its quarterly earnings data on Monday, February 26th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.10. Vistra Energy had a positive return on equity of 6.15% and a negative net margin of 4.68%. The business had revenue of $944.00 million for the quarter, compared to analyst estimates of $1.82 billion. analysts forecast that Vistra Energy will post 0.89 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. QS Investors LLC purchased a new position in shares of Vistra Energy during the 4th quarter valued at approximately $108,000. Daiwa Securities Group Inc. purchased a new position in shares of Vistra Energy during the 4th quarter valued at approximately $114,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Vistra Energy during the 4th quarter valued at approximately $128,000. Itau Unibanco Holding S.A. purchased a new position in shares of Vistra Energy during the 4th quarter valued at approximately $142,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Vistra Energy during the 3rd quarter valued at approximately $187,000.

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About Vistra Energy

Vistra Energy Corp, formerly TCEH Corp. is a holding company. The Company is an energy company, which is focused on energy and power generation markets through operation as a generator and retailer of electricity in Texas market. Its portfolio of businesses consists primarily of Luminant and TXU Energy.

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