Stock analysts at StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the utilities provider’s stock.
→ The gold catalyst we’ve waited for (From Stansberry Research)
AY has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of Atlantica Sustainable Infrastructure from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. TheStreet downgraded shares of Atlantica Sustainable Infrastructure from a “c-” rating to a “d+” rating in a research report on Tuesday, November 29th. Bank of America raised shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, March 8th. Morgan Stanley dropped their target price on shares of Atlantica Sustainable Infrastructure from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, January 30th. Finally, Royal Bank of Canada raised shares of Atlantica Sustainable Infrastructure from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, January 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.57.
Atlantica Sustainable Infrastructure Stock Down 1.1 %
Shares of Atlantica Sustainable Infrastructure stock opened at $27.49 on Thursday. The firm’s 50 day moving average price is $27.02 and its 200-day moving average price is $27.75. The company has a quick ratio of 1.92, a current ratio of 1.99 and a debt-to-equity ratio of 2.92. Atlantica Sustainable Infrastructure has a 52-week low of $24.42 and a 52-week high of $36.35. The company has a market cap of $3.09 billion, a P/E ratio of -687.25, a PEG ratio of 3.77 and a beta of 0.83.
Institutional Trading of Atlantica Sustainable Infrastructure
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in Atlantica Sustainable Infrastructure during the third quarter worth $26,000. FMR LLC boosted its holdings in Atlantica Sustainable Infrastructure by 63.6% during the second quarter. FMR LLC now owns 954 shares of the utilities provider’s stock worth $31,000 after buying an additional 371 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Atlantica Sustainable Infrastructure during the fourth quarter worth $32,000. Sentry Investment Management LLC purchased a new stake in Atlantica Sustainable Infrastructure during the third quarter worth $35,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Atlantica Sustainable Infrastructure by 122.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 39.37% of the company’s stock.
Atlantica Sustainable Infrastructure Company Profile
Atlantica Sustainable Infrastructure Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Atlantica Sustainable Infrastructure, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Atlantica Sustainable Infrastructure wasn’t on the list.
While Atlantica Sustainable Infrastructure currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
