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Shares of Pattern Energy Group (NASDAQ:PEGI) have earned a consensus rating of “Buy” from the eight analysts that are covering the stock, AnalystRatings.Net reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.50.

Several analysts have recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of Pattern Energy Group in a research note on Monday. They set a “buy” rating and a $34.50 price target on the stock. Analysts at CIBC initiated coverage on shares of Pattern Energy Group in a research note on Thursday, May 1st. They set an “outperform” rating and a $31.00 price target on the stock.

Pattern Energy Group (NASDAQ:PEGI) traded down 0.09% during mid-day trading on Monday, hitting $32.27. 209,312 shares of the company’s stock traded hands. Pattern Energy Group has a 1-year low of $22.26 and a 1-year high of $32.40. The stock has a 50-day moving average of $29.66 and a 200-day moving average of $28.3. The company has a market cap of $1.152 billion and a price-to-earnings ratio of 482.09.

Pattern Energy Group (NASDAQ:PEGI) last announced its earnings results on Friday, May 2nd. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $1.16. The company had revenue of $49.50 billion for the quarter, compared to the consensus estimate of $57.18 billion. Analysts expect that Pattern Energy Group will post $0.37 EPS for the current fiscal year.

Pattern Energy Group Inc is an independent power company focused on owning and operating power projects.

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