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Do Analysts Expect Eni SpA (E) Stock to Rise After It Is Up 2.22% in a Month?

Monday, April 01, 2024 01:02 PM | InvestorsObserver Analysts

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Do Analysts Expect Eni SpA (E) Stock to Rise After It Is Up 2.22% in a Month?

Wall Street is positive on Eni SpA (E). On average, analysts give Eni SpA a Buy rating. The average price target is $33, which means analysts expect the stock to climb by 3.81% over the next twelve months. That average ranking earns Eni SpA an Analyst Rating of 33, which is better than 33% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.9
Wall Street analysts are rating E a Buy today. Find out what this means to you and get the rest of the rankings on E!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Eni SpA Stock Today?

Eni SpA (E) stock is up 0.22% while the S&P 500 has fallen -0.33% as of 12:38 PM on Monday, Apr 1. E is higher by $0.07 from the previous closing price of $31.72 on volume of 43,899 shares. Over the past year the S&P 500 has risen 26.97% while E is higher by 7.98%. E earned $3.08 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.33. Click Here to get the full Stock Report for Eni SpA stock.

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