Atlantic Power Corp.’s “Sector Underperform” Rating Reaffirmed at Scotiabank (AT)
Atlantic Power Corp. (NYSE:AT)‘s stock had its “sector underperform” rating restated by equities researchers at Scotiabank in a research report issued on Tuesday, ARN reports. They currently have a C$2.00 price objective on the stock.
Shares of Atlantic Power Corp. (NYSE:AT) traded down 1.52% during mid-day trading on Tuesday, hitting $3.25. 1,067,302 shares of the company’s stock traded hands. Atlantic Power Corp. has a one year low of $2.11 and a one year high of $5.57. The stock’s 50-day moving average is $3.00 and its 200-day moving average is $3.25. The company’s market cap is $390.9 million.
Atlantic Power Corp. (NYSE:AT) last announced its earnings results on Friday, February 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.20. Analysts expect that Atlantic Power Corp. will post $-0.76 EPS for the current fiscal year.
The company also recently declared a apr 14 dividend, which is scheduled for Friday, May 30th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.0333 per share. This represents a yield of 11.88%. The ex-dividend date of this dividend is Monday, April 28th.
Atlantic Power Corporation (NYSE:AT) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
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