Raymond James Increases Pattern Energy Group Price Target to $33.00 (PEGI)
Stock analysts at Raymond James hoisted their target price on shares of Pattern Energy Group (NASDAQ:PEGI) from $32.00 to $33.00 in a report issued on Thursday. Raymond James’ price objective suggests a potential upside of 0.12% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Pattern Energy Group from $31.00 to $34.00 in a research note on Monday, June 30th. Separately, analysts at KeyCorp initiated coverage on shares of Pattern Energy Group in a research note on Monday, June 23rd. They set a “buy” rating and a $34.50 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.17.
Pattern Energy Group (NASDAQ:PEGI) traded down 0.90% on Thursday, hitting $32.96. 234,921 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 $34.15. The stock’s 50-day moving average is $31. and its 200-day moving average is $28.90. The company has a market cap of $1.177 billion and a price-to-earnings ratio of 496.42.
Pattern Energy Group (NASDAQ:PEGI) last released its earnings data on Friday, May 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the 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 $0.46 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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