Atlantic Power Corp Downgraded to Underperform at National Bank Financial (AT)
Atlantic Power Corp (NYSE:AT) opened at 3.66 on Wednesday. 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 $3.32 and its 200-day moving average is $3.06. The company’s market cap is $441.7 million.
Atlantic Power Corp (NYSE:AT) last issued its quarterly earnings data 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 announced a monthly dividend, which is scheduled for Thursday, July 31st. Stockholders 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 10.02%. The ex-dividend date is Thursday, June 26th.
Several other analysts have also 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, June 19th. 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. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. 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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