Scotiabank Reiterates “Sector Underperform” Rating for Atlantic Power Corp (AT)
Atlantic Power Corp (NYSE:AT) traded up 3.95% on Thursday, hitting $3.71. 1,768,048 shares of the company’s stock traded hands. 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 $3.33 and its 200-day moving average is $3.0. The company’s market cap is $447.7 million.
Atlantic Power Corp (NYSE:AT) last announced its 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 $-0.72 EPS 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 9.88%. The ex-dividend date is Thursday, June 26th.
AT has been the subject of a number of other recent research reports. Analysts at Imperial Capital initiated coverage on shares of Atlantic Power Corp in a research note on Thursday. They set an “outperform” rating and a $7.00 price target on the stock. Separately, analysts at National Bank Financial downgraded shares of Atlantic Power Corp from a “sector perform” rating to an “underperform” rating in a research note on Wednesday. Finally, 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. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Atlantic Power Corp presently has a consensus rating of “Hold” and an average target price of $4.45.
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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