XPLR Infrastructure (NYSE:XIFR) Given New $12.00 Price Target at Mizuho

XPLR Infrastructure (NYSE:XIFR) had its target price cut by Mizuho from $15.00 to $12.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the solar energy provider’s stock. Mizuho’s target price would suggest a potential upside of 31.72% from the company’s previous close.

XIFR has been the subject of a number of other reports. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets restated a “market perform” rating and issued a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Guggenheim reduced their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.64.

XPLR Infrastructure Stock Up 1.7%

NYSE:XIFR traded up $0.15 during trading hours on Monday, hitting $9.11. The stock had a trading volume of 678,002 shares, compared to its average volume of 2,741,497. The company has a market cap of $855.99 million, a PE ratio of -91.10 and a beta of 0.93. The business has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $13.05. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure has a 1-year low of $7.53 and a 1-year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.30). XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. During the same period in the previous year, the company posted $0.75 earnings per share. XPLR Infrastructure’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts predict that XPLR Infrastructure will post 2.33 EPS for the current year.

Institutional Trading of XPLR Infrastructure

Several institutional investors have recently modified their holdings of the company. Avion Wealth increased its holdings in XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after buying an additional 2,270 shares during the period. Truist Financial Corp raised its position in XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after purchasing an additional 1,049 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in XPLR Infrastructure during the fourth quarter valued at approximately $211,000. LexAurum Advisors LLC bought a new stake in shares of XPLR Infrastructure in the 4th quarter valued at approximately $215,000. Finally, Good Life Advisors LLC bought a new position in shares of XPLR Infrastructure during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Company Profile

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.