Atlantic Power Corp Upgraded to Sector Perform at RBC Capital (AT)
Atlantic Power Corp (NYSE:AT) was upgraded by equities researchers at RBC Capital from an “underperform” rating to a “sector perform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Atlantic Power Corp (NYSE:AT) opened at 3.49 on Thursday. Atlantic Power Corp has a 52-week low of $2.11 and a 52-week high of $5.36. The stock’s 50-day moving average is $3.26 and its 200-day moving average is $3.05. The company’s market cap is $421.2 million.
Atlantic Power Corp (NYSE:AT) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, beating the analysts’ 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 $-0.72 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.0306 per share. This represents a $0.37 annualized dividend and a dividend yield of 10.51%. The ex-dividend date is Thursday, June 26th.
A number of other firms have also recently commented on AT. Analysts at NBF cut their price target on shares of Atlantic Power Corp from $4.00 to $3.50 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. 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. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently 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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