Atlantic Power Corp Given Consensus Rating of “Sell” by Analysts (NYSE:AT)
Atlantic Power Corp (NYSE:AT) has earned an average rating of “Sell” from the seven analysts that are presently covering the company, AnalystRatingsNetwork reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.20.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Atlantic Power Corp from an “underperform” rating to a “sector perform” rating in a research note on Thursday. Separately, 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. Finally, 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.
Shares of Atlantic Power Corp (NYSE:AT) opened at 3.55 on Friday. 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 $3.27 and its 200-day moving average is $3.06. The company’s market cap is $428.4 million.
Atlantic Power Corp (NYSE:AT) last announced its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Atlantic Power Corp will post $-0.72 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.0306 per share. This represents a $0.37 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date of this dividend is Thursday, June 26th.
Atlantic Power Corporation (NYSE:AT) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.