Innergex Renewable Energy Inc (TSE:INE) – Raymond James Financial decreased their FY2016 earnings per share (EPS) estimates for Innergex Renewable Energy in a report released on Thursday. Raymond James Financial analyst D. Quezada now anticipates that the brokerage will earn $0.27 per share for the year, down from their previous forecast of $0.35.

Earnings History and Estimates for Innergex Renewable Energy (TSE:INE)

Other equities research analysts also recently issued research reports about the company. TD Securities dropped their target price on Innergex Renewable Energy from C$16.00 to C$14.50 and set a “hold” rating on the stock in a research report on Friday. BMO Capital Markets increased their price objective on Innergex Renewable Energy from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Desjardins increased their price objective on Innergex Renewable Energy from C$15.00 to C$15.25 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Royal Bank Of Canada increased their price objective on Innergex Renewable Energy from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 8th. Finally, RBC Capital Markets increased their price objective on Innergex Renewable Energy from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$16.34.

Innergex Renewable Energy (TSE:INE) opened at 12.70 on Friday. Innergex Renewable Energy has a one year low of $9.98 and a one year high of $15.80. The firm’s market capitalization is $1.37 billion. The firm’s 50-day moving average price is $14.53 and its 200 day moving average price is $14.59.

About Innergex Renewable Energy

Innergex Renewable Energy Inc is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

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