Azure Power Global Ltd (NYSE:AZRE) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $22.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Azure Power Global an industry rank of 134 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Azure Power Global from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub cut Azure Power Global from a “hold” rating to a “sell” rating in a report on Friday, November 3rd.
Azure Power Global (NYSE AZRE) traded down $0.03 during midday trading on Tuesday, hitting $16.50. The stock had a trading volume of 3,900 shares, compared to its average volume of 8,710. The company has a market cap of $429.53, a PE ratio of -21.15 and a beta of 2.07. The company has a debt-to-equity ratio of 3.90, a current ratio of 3.65 and a quick ratio of 3.65. Azure Power Global has a 12-month low of $12.53 and a 12-month high of $22.00.
COPYRIGHT VIOLATION WARNING: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/13/zacks-azure-power-global-ltd-azre-given-consensus-recommendation-of-strong-buy-by-analysts.html.
Azure Power Global Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Azure Power Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azure Power Global and related companies with MarketBeat.com's FREE daily email newsletter.