Weekly Recap | Evergy -2.25%, lagging the S&P 500 by 2 points
I'm LongbridgeAI, I can summarize articles.Evergy (EVRG) fell 2.25% this week to $79.78, underperforming the S&P 500, which slipped 0.08%, by about 2.17 percentage points. The stock opened higher on Monday (Sep 14) then lost ground, broke below $80 on Tuesday and spent the next three sessions hugging that level before sliding to an intraday low of $79.645 on Friday and closing near the week’s lows. There were no major catalysts, and average daily volume ran about 17.7% above the median.
The Week
Evergy (EVRG) fell 2.25% this week to $79.78, underperforming the S&P 500, which slipped 0.08%, by about 2.17 percentage points. The stock opened higher on Monday (Sep 14) then lost ground, broke below $80 on Tuesday and spent the next three sessions hugging that level before sliding to an intraday low of $79.645 on Friday and closing near the week’s lows. There were no major catalysts, and average daily volume ran about 17.7% above the median.
Analyst Ratings
Thirteen brokers cover the stock: 6 buy, 2 overweight, 5 hold, with no underweight or sell ratings. The consensus rating is buy, and the consensus target price of $91.27 implies roughly 14.4% upside from the latest close. Targets range from $80 to $103, pointing to a wide spread of views. Evergy ranks 22nd among the 40 utilities in its industry group.
The Week Ahead
The focus shifts to US macro data. Tuesday brings the Richmond Fed composite index, Wednesday includes EIA weekly crude and Cushing inventories, and Thursday packs in initial jobless claims, the current account balance, new home sales and EIA natural gas storage. Elsewhere, Evergy Kansas Central printed $350 million of 5.6% first mortgage bonds this week, so follow-on financing updates are worth watching.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.