BidaskClub downgraded shares of Atlantica Yield (NASDAQ:AY) from a strong-buy rating to a buy rating in a research note published on Wednesday, BidAskClub reports.

AY has been the subject of several other research reports. Raymond James reissued a neutral rating and set a $35.00 price target on shares of Stantec in a research report on Monday, May 13th. Zacks Investment Research raised shares of Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price target for the company in a research report on Tuesday, July 16th. Finally, ValuEngine cut shares of Verso from a hold rating to a sell rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $25.10.

Shares of Atlantica Yield stock opened at $23.01 on Wednesday. Atlantica Yield has a 52-week low of $17.50 and a 52-week high of $23.58. The stock has a market cap of $2.31 billion, a PE ratio of 54.79 and a beta of 0.55. The firm has a fifty day simple moving average of $22.61. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 3.12.

Atlantica Yield (NASDAQ:AY) last announced its quarterly earnings data on Friday, May 10th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). The business had revenue of $221.45 million during the quarter, compared to analysts’ expectations of $236.80 million. Atlantica Yield had a net margin of 3.60% and a return on equity of 2.08%. On average, analysts predict that Atlantica Yield will post 1.2 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in Atlantica Yield by 1.6% in the 4th quarter. First Trust Advisors LP now owns 94,283 shares of the utilities provider’s stock worth $1,848,000 after purchasing an additional 1,504 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Atlantica Yield by 21.1% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 16,327 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 2,840 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Atlantica Yield by 43.7% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 14,790 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 4,501 shares in the last quarter. Legal & General Group Plc raised its holdings in Atlantica Yield by 52.6% in the 4th quarter. Legal & General Group Plc now owns 13,723 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 4,729 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Atlantica Yield in the 1st quarter worth about $117,000. Institutional investors and hedge funds own 45.50% of the company’s stock.

About Atlantica Yield

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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Analyst Recommendations for Atlantica Yield (NASDAQ:AY)

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