National Bank Financial Analysts Cut Earnings Estimates for Innergex Renewable Energy Inc (TSE:INE)
Innergex Renewable Energy Inc (TSE:INE) – Equities researchers at National Bank Financial decreased their FY2017 EPS estimates for Innergex Renewable Energy in a research report issued to clients and investors on Thursday. National Bank Financial analyst R. Merer now expects that the company will earn $0.37 per share for the year, down from their previous estimate of $0.45.
A number of other research firms also recently weighed in on INE. Raymond James Financial, Inc. downgraded shares of Innergex Renewable Energy from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 20th. TD Securities lifted their target price on shares of Innergex Renewable Energy from C$14.50 to C$15.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. AltaCorp Capital downgraded shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. Finally, Desjardins lifted their target price on shares of Innergex Renewable Energy from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$16.40.
Innergex Renewable Energy (TSE:INE) opened at 14.59 on Monday. Innergex Renewable Energy has a 12 month low of $12.43 and a 12 month high of $15.55. The company has a market cap of $1.58 billion and a PE ratio of 66.32. The stock’s 50 day moving average is $14.51 and its 200 day moving average is $14.29.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy Inc operates as an independent renewable power producer in North America and France. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.
Receive News & Ratings for Innergex Renewable Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.