Atlantica Yield (NASDAQ:AY) had its price target hoisted by research analysts at Royal Bank of Canada from $23.00 to $26.00 in a research report issued to clients and investors on Monday, November 13th, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 22.58% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Atlantica Yield from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Atlantica Yield from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Bank of America restated a “buy” rating and issued a $24.00 target price on shares of Atlantica Yield in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.80.
Atlantica Yield (NASDAQ AY) traded up $0.20 during trading hours on Monday, reaching $21.21. 500,373 shares of the company’s stock were exchanged, compared to its average volume of 427,053. The company has a current ratio of 2.23, a quick ratio of 2.20 and a debt-to-equity ratio of 2.90. The stock has a market cap of $2,125.60, a PE ratio of 78.56, a P/E/G ratio of 0.99 and a beta of 1.15. Atlantica Yield has a one year low of $19.24 and a one year high of $25.99.
Several institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Atlantica Yield during the second quarter worth about $61,608,000. Ecofin Ltd. raised its stake in Atlantica Yield by 6.8% during the second quarter. Ecofin Ltd. now owns 922,044 shares of the utilities provider’s stock worth $19,695,000 after acquiring an additional 59,046 shares during the period. Dimensional Fund Advisors LP raised its stake in Atlantica Yield by 122.5% during the third quarter. Dimensional Fund Advisors LP now owns 715,324 shares of the utilities provider’s stock worth $14,091,000 after acquiring an additional 393,781 shares during the period. Goldman Sachs Group Inc. raised its stake in Atlantica Yield by 72.4% during the second quarter. Goldman Sachs Group Inc. now owns 619,991 shares of the utilities provider’s stock worth $13,243,000 after acquiring an additional 260,309 shares during the period. Finally, AHL Partners LLP raised its stake in Atlantica Yield by 82.9% during the second quarter. AHL Partners LLP now owns 527,928 shares of the utilities provider’s stock worth $11,277,000 after acquiring an additional 239,245 shares during the period. Institutional investors and hedge funds own 51.00% of the company’s stock.
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Atlantica Yield Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
