Argus Downgrades Westar Energy (WR) to Hold
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Price: $27.36 +0.77%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
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Argus downgraded Westar Energy (NYSE: WR) from Buy to Hold following the strong run-up in the share price.
The analyst notes that now WR shares trade at a relatively high 19.7-times their 2017 EPS estimate, at the high end of the P/E range for comparable electric utilities with fully regulated operations.
For an analyst ratings summary and ratings history on Westar Energy click here. For more ratings news on Westar Energy click here.
Shares of Westar Energy closed at $50.36 yesterday.
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