Atlantic Power Corp. PT Lowered to $3.50 (AT)
Research analysts at NBF cut their price target on shares of Atlantic Power Corp. (NYSE:AT) from $4.00 to $3.50 in a report released on Wednesday, American Banking News reports. The firm currently has a “sector perform” rating on the stock. NBF’s target price indicates a potential upside of 8.02% from the company’s current price.
Atlantic Power Corp. (NYSE:AT) traded up 0.15% during mid-day trading on Wednesday, hitting $3.245. The stock had a trading volume of 533,514 shares. Atlantic Power Corp. has a one year low of $2.11 and a one year high of $5.36. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $3.18. The company’s market cap is $390.3 million.
Atlantic Power Corp. (NYSE:AT) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.25) by $0.09. The company had revenue of $145.30 million for the quarter, compared to the consensus estimate of $150.90 million. 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. Shareholders 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.
Separately, analysts at Scotiabank reiterated a “sector underperform” rating on shares of Atlantic Power Corp. in a research note on Tuesday, May 6th. They now have a C$2.00 price target on the stock. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and a consensus price target of $3.20.
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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