Shares of Ormat Technologies, Inc. (NYSE:ORA) have been given a consensus recommendation of “Buy” by the nine research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $70.17.
ORA has been the topic of several recent research reports. Zacks Investment Research lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Roth Capital set a $70.00 price objective on shares of Ormat Technologies and gave the stock a “buy” rating in a research report on Monday, November 13th. TheStreet upgraded shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Guggenheim initiated coverage on shares of Ormat Technologies in a research report on Monday, January 8th. They issued a “buy” rating and a $72.00 price objective on the stock. Finally, Cowen reiterated a “buy” rating and issued a $75.00 price objective on shares of Ormat Technologies in a research report on Wednesday, January 24th.
Ormat Technologies (NYSE ORA) traded down $0.23 during trading hours on Tuesday, hitting $64.25. 181,744 shares of the stock were exchanged, compared to its average volume of 196,239. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.72. Ormat Technologies has a fifty-two week low of $54.75 and a fifty-two week high of $70.68. The firm has a market cap of $3,250.00, a PE ratio of 27.58, a PEG ratio of 1.91 and a beta of 1.22.
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About Ormat Technologies
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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