Guggenheim set a $27.00 target price on Atlantica Yield (NASDAQ:AY) in a research note published on Thursday, January 18th. The firm currently has a buy rating on the utilities provider’s stock.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada increased their target price on shares of Atlantica Yield from $23.00 to $26.00 and gave the stock an outperform rating in a report on Monday, November 13th. Zacks Investment Research lowered shares of Atlantica Yield from a strong-buy rating to a hold rating in a report on Friday, October 13th. BidaskClub raised shares of Atlantica Yield from a strong sell rating to a sell rating in a report on Wednesday, October 18th. Finally, Bank of America reissued a buy rating and issued a $24.00 target price on shares of Atlantica Yield in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $24.60.
Shares of Atlantica Yield (NASDAQ:AY) traded up $0.09 during trading hours on Thursday, hitting $19.84. 215,800 shares of the stock traded hands, compared to its average volume of 490,038. Atlantica Yield has a 52-week low of $19.30 and a 52-week high of $25.99. The company has a quick ratio of 2.20, a current ratio of 2.23 and a debt-to-equity ratio of 2.90. The company has a market cap of $1,979.29, a PE ratio of 73.48, a PEG ratio of 0.95 and a beta of 1.07.
Atlantica Yield (NASDAQ:AY) last issued its quarterly earnings data on Monday, November 13th. The utilities provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.30). Atlantica Yield had a return on equity of 1.41% and a net margin of 2.85%. The business had revenue of $291.96 million during the quarter. equities analysts forecast that Atlantica Yield will post 0.24 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Atlantica Yield in the fourth quarter valued at $60,159,000. Ecofin Ltd. purchased a new position in shares of Atlantica Yield in the fourth quarter valued at $36,449,000. Assenagon Asset Management S.A. purchased a new position in shares of Atlantica Yield in the fourth quarter valued at $16,076,000. Dimensional Fund Advisors LP grew its holdings in shares of Atlantica Yield by 122.5% in the third quarter. Dimensional Fund Advisors LP now owns 715,324 shares of the utilities provider’s stock valued at $14,091,000 after purchasing an additional 393,781 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Atlantica Yield in the fourth quarter valued at $14,534,000. 51.63% of the stock is owned by institutional investors and hedge funds.
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About Atlantica Yield
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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