On Tap for This Week: Entergy Corporation (ETR), Visa Inc. (V)?

Entergy Corporation (NYSE:ETR) average daily volatility for this week is 1.21% which is less than the 1.65% recorded over the past month. Its shares dropped by -0.16% or -$0.15 from its last recorded high of $91.01 which it attained on December 02 to close at $90.86 per share. Over the past 52 weeks, the shares of Entergy Corporation has been trading as low as $73.42 before witnessing a massive surge by 23.75% or $17.44. This price movement has led to the ETR stock receiving more attention and has become one to watch out for. It jumped by 0.29% on Tuesday and this got the market excited. The stock’s beta now stands at 0.37 and when compared to its 200-day moving average and its 50-day moving average, ETR price stands 9.15% above and 4.22% above respectively.

Entergy Corporation (ETR) rose 1.87% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 22.57% and is now up by 5.57% since start of this year. A look at its monthly performance shows that the stock has recorded a 5.87% gain over the past 30 days. Its equity price climbed by 6.73% over the past three months which led to its overall six-month increase to stand at 8.96%.

Experts from research firms are bullish about the near-term performance of Entergy Corporation with most of them predicting a $91.32 price target on a short-term (12 months) basis. The average price target by the analysts will see a 0.51% rise in the stock and would lead to ETR’s market cap to surge to $16.53B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Entergy Corporation (NYSE:ETR) and find out that 9 of them rated it as a Hold. 8 of the 8 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ETR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.59 point. Its trading volume has added 88461 shares compared to readings over the past three months as it recently exchanged 1518461 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1430000 shares, and this is 1.06 times the normal volume.

Analysts have predicted a price target for Visa Inc. (V) for 1 year and it stands at an average $162.69/share. This means that it would likely increase by 14.58% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $143. On the other hand, one analyst is super bullish about the price, setting a target as high as $196.

The V stock Stochastic Oscillator (%D) is at 77.02%, which means that it is currently neutral. The shares P/S ratio stands at 14.66 which compares to the 5.65 recorded by the industry or the 136.2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.04, which is lower than the 30.52 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 15.7% over the past five years.

Analysts view Visa Inc. (NYSE:V) as a Buy, with 1.7 consensus rating. Reuters surveyed 38 analysts that follow V and found that 3 of those analysts rated the stock as a Hold. The remaining 35 were divided, with 35 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Visa Inc. (V) shares or sell it if they already own it.