Polaris Renewable Energy (TSE:PIF) Given New C$18.25 Price Target at Raymond James Financial

Polaris Renewable Energy (TSE:PIF) had its target price reduced by investment analysts at Raymond James Financial from C$20.00 to C$18.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 49.84% from the company’s current price.

Separately, National Bank Financial upped their target price on shares of Polaris Renewable Energy from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$19.63.

Polaris Renewable Energy Price Performance

Shares of Polaris Renewable Energy stock traded up C$0.18 during trading on Friday, reaching C$12.18. The company’s stock had a trading volume of 60,376 shares, compared to its average volume of 40,296. The business has a 50 day moving average price of C$12.16 and a 200-day moving average price of C$12.62. Polaris Renewable Energy has a 12-month low of C$10.70 and a 12-month high of C$14.20. The company has a market capitalization of C$255.59 million, a P/E ratio of -22.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.60. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48.

Polaris Renewable Energy (TSE:PIF) last released its earnings results on Thursday, February 19th. The company reported C$0.39 EPS for the quarter. Polaris Renewable Energy had a return on equity of 2.68% and a net margin of 9.49%.The company had revenue of C$25.57 million during the quarter. As a group, sell-side analysts anticipate that Polaris Renewable Energy will post 0.6481187 EPS for the current year.

Polaris Renewable Energy Company Profile

Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.