Sleeper Stocks: CenterPoint Energy, Inc. (CNP), The Blackstone Group L.P. (BX)

CenterPoint Energy, Inc. (CNP) rose 0.03% 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 16.38% and is now up by 9.25% since start of this year. A look at its monthly performance shows that the stock has recorded a 4.97% gain over the past 30 days. Its equity price climbed by 9.91% over the past three months which led to its overall six-month increase to stand at 9.63%.

Experts from research firms are bullish about the near-term performance of CenterPoint Energy, Inc. with most of them predicting a $30.54 price target on a short-term (12 months) basis. The average price target by the analysts will see a -0.97% rise in the stock and would lead to CNP’s market cap to surge to $15.29B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 15 analysts that track CenterPoint Energy, Inc. (NYSE:CNP) and find out that 7 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 CNP technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 64.08 point. Its trading volume has lost -673546 shares compared to readings over the past three months as it recently exchanged 4616454 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5290000 shares, and this is 0.87 times the normal volume.

Analysts have predicted a price target for The Blackstone Group L.P. (BX) for 1 year and it stands at an average $40.29/share. This means that it would likely increase by 19.91% from its current position. The current price of the stock has been moving between $33.3701 and $33.88. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $29. On the other hand, one analyst is super bullish about the price, setting a target as high as $46.

The BX stock Stochastic Oscillator (%D) is at 59.42%, which means that it is currently neutral. The shares P/S ratio stands at 6.04 which compares to the 8.41 recorded by the industry or the 10.38 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 10.73, which is lower than the 14.97 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 40.4% over the past five years.

Analysts view The Blackstone Group L.P. (NYSE:BX) as a Buy, with 0 consensus rating. Reuters surveyed 14 analysts that follow BX and found that 1 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 13 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying The Blackstone Group L.P. (BX) shares or sell it if they already own it.