Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Atlantica Yield from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Raymond James reaffirmed an outperform rating and issued a $27.00 price objective on shares of Atlantica Yield in a research report on Thursday, August 8th. Citigroup increased their price objective on shares of Atlantica Yield from $22.00 to $27.00 and gave the company a buy rating in a research report on Monday, July 29th. Finally, Zacks Investment Research lowered shares of Atlantica Yield from a buy rating to a hold rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $27.00.
Shares of Atlantica Yield stock traded up $0.26 during midday trading on Wednesday, hitting $24.21. The company had a trading volume of 51,317 shares, compared to its average volume of 335,665. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 57.64 and a beta of 0.44. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 2.80. The company has a fifty day simple moving average of $24.11 and a 200 day simple moving average of $22.48. Atlantica Yield has a 12-month low of $17.50 and a 12-month high of $24.75.
Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.22). The company had revenue of $283.34 million during the quarter. Atlantica Yield had a negative net margin of 0.68% and a negative return on equity of 0.40%. As a group, analysts expect that Atlantica Yield will post 0.78 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cohen & Steers Inc. raised its position in Atlantica Yield by 21.1% during the 2nd quarter. Cohen & Steers Inc. now owns 2,449 shares of the utilities provider’s stock worth $56,000 after buying an additional 427 shares during the last quarter. Quantamental Technologies LLC grew its stake in shares of Atlantica Yield by 7.8% during the 2nd quarter. Quantamental Technologies LLC now owns 6,470 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 466 shares during the period. SG Americas Securities LLC grew its stake in shares of Atlantica Yield by 4.2% during the 2nd quarter. SG Americas Securities LLC now owns 34,702 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 1,400 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Atlantica Yield during the 2nd quarter worth approximately $35,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Atlantica Yield during the 2nd quarter worth approximately $54,000. 42.96% of the stock is owned by institutional investors.
Atlantica Yield Company Profile
Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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