Zacks: Azure Power Global Ltd (AZRE) Given $22.00 Average Target Price by Brokerages
Azure Power Global Ltd (NYSE:AZRE) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $22.00 for the company and are forecasting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given Azure Power Global an industry rank of 21 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on AZRE shares. Zacks Investment Research raised shares of Azure Power Global from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub raised shares of Azure Power Global from a “strong sell” rating to a “sell” rating in a report on Thursday, September 21st.
Azure Power Global (NYSE:AZRE) opened at $15.61 on Friday. The company has a market cap of $384.06, a price-to-earnings ratio of -14.32 and a beta of 0.02. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 3.77. Azure Power Global has a 1-year low of $12.53 and a 1-year high of $22.00.
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About Azure Power Global
Azure Power Global Limited is an India-based power producer. The Company sells solar power in India on long term fixed price contracts to its customers. The Company is also developing micro-grid applications for the highly fragmented and underserved electricity market in India. The Company operates approximately 20 utility scale projects and several commercial rooftop projects with a combined rated capacity of approximately 240 megawatts.
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