Raymond James Boosts Polaris Infrastructure (TSE:PIF) Price Target to C$28.00

Polaris Infrastructure (TSE:PIF – Get Rating) had its price target hoisted by stock analysts at Raymond James from C$26.00 to C$28.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 53.42% from the stock’s previous close.

Separately, Cormark boosted their price objective on shares of Polaris Infrastructure from C$29.00 to C$30.00 in a research report on Thursday.

Shares of PIF stock traded up C$1.30 during trading on Thursday, hitting C$18.25. The company had a trading volume of 195,994 shares, compared to its average volume of 67,777. The company has a debt-to-equity ratio of 65.56, a quick ratio of 3.17 and a current ratio of 3.21. The firm has a market capitalization of C$356.33 million and a P/E ratio of 570.91. The stock’s 50-day moving average price is C$16.42 and its 200 day moving average price is C$16.80. Polaris Infrastructure has a one year low of C$14.30 and a one year high of C$20.60.

Polaris Infrastructure (TSE:PIF – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.07). The business had revenue of C$18.75 million for the quarter, compared to analyst estimates of C$19.96 million. On average, research analysts anticipate that Polaris Infrastructure will post 0.9 earnings per share for the current fiscal year.

Polaris Infrastructure Company Profile (Get Rating)

Polaris Infrastructure Inc, through its subsidiaries, acquires, develops, and operates renewable energy projects in Latin America. The company operates the San Jacinto project, a 72 megawatt (MW) net capacity geothermal facility located in northwest Nicaragua. It also operates run-of-river (ROR) hydro facility of 5 MW in Canchayllo, Peru; and 2 ROR hydro projects with the capacity of approximately 8 MW (net) and 20 MW (net) in Peru.

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