Innergex Renewable Energy Inc Expected to Post FY2016 Earnings of $0.19 Per Share (INE)
Innergex Renewable Energy Inc (TSE:INE) – Equities researchers at National Bank Financial lowered their FY2016 earnings per share estimates for shares of Innergex Renewable Energy in a research report issued on Wednesday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings of $0.19 per share for the year, down from their prior estimate of $0.26. National Bank Financial also issued estimates for Innergex Renewable Energy’s FY2017 earnings at $0.08 EPS.
INE has been the subject of several other reports. Desjardins set a C$15.25 price objective on shares of Innergex Renewable Energy in a research note on Friday, August 5th. Raymond James Financial Inc. boosted their price objective on shares of Innergex Renewable Energy from C$16.25 to C$17.50 in a research note on Thursday, July 21st. TD Securities lowered their price objective on shares of Innergex Renewable Energy from C$16.00 to C$14.50 and set a “hold” rating for the company in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Innergex Renewable Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Finally, CIBC reissued a “sector perform” rating and set a C$15.50 price objective on shares of Innergex Renewable Energy in a research note on Wednesday, September 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$16.34.
Innergex Renewable Energy (TSE:INE) opened at 12.93 on Monday. The company’s 50-day moving average price is $14.46 and its 200 day moving average price is $14.59. Innergex Renewable Energy has a 12 month low of $9.98 and a 12 month high of $15.80. The company’s market capitalization is $1.40 billion.
Innergex Renewable Energy Company Profile
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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