TerraForm Power’s (TERP) Hold Rating Reiterated at Deutsche Bank AG
TerraForm Power Inc. (NASDAQ:TERP)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank AG in a research report issued on Monday. They currently have a $13.00 price target on the stock. Deutsche Bank AG’s price target points to a potential downside of 4.06% from the company’s previous close.
TERP has been the topic of a number of other reports. Robert W. Baird set a $13.00 price target on shares of TerraForm Power and gave the company a “neutral” rating in a research note on Friday, September 23rd. Avondale Partners upgraded shares of TerraForm Power from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Wednesday, June 29th. Zacks Investment Research cut shares of TerraForm Power from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of TerraForm Power in a research note on Wednesday, July 27th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. TerraForm Power has an average rating of “Hold” and a consensus price target of $13.33.
TerraForm Power (NASDAQ:TERP) traded up 0.15% during mid-day trading on Monday, hitting $13.57. 164,741 shares of the company were exchanged. The company’s 50-day moving average is $13.21 and its 200 day moving average is $10.87. TerraForm Power has a 12-month low of $6.73 and a 12-month high of $20.12. The company’s market capitalization is $1.69 billion.
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Institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new position in shares of TerraForm Power during the second quarter worth approximately $136,000. Babson Capital Management LLC acquired a new position in TerraForm Power during the first quarter valued at approximately $511,000. Barclays PLC raised its position in TerraForm Power by 472.2% in the first quarter. Barclays PLC now owns 59,550 shares of the company’s stock valued at $476,000 after buying an additional 49,143 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in TerraForm Power during the first quarter valued at approximately $1,328,000. Finally, NINE MASTS CAPITAL Ltd raised its position in TerraForm Power by 12.5% in the first quarter. NINE MASTS CAPITAL Ltd now owns 900,000 shares of the company’s stock valued at $7,785,000 after buying an additional 100,000 shares in the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.
About TerraForm Power
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