Raymond James Financial Lowers Polaris Renewable Energy (TSE:PIF) Price Target to C$18.25

Polaris Renewable Energy (TSE:PIF) had its price objective cut by analysts at Raymond James Financial from C$20.00 to C$18.25 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 50.83% from the company’s previous close.

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

Polaris Renewable Energy Trading Up 0.8%

Shares of PIF opened at C$12.10 on Friday. The stock has a market capitalization of C$253.91 million, a P/E ratio of -22.41, a PEG ratio of 3.28 and a beta of 0.60. Polaris Renewable Energy has a twelve month low of C$10.70 and a twelve month high of C$14.20. The company has a quick ratio of 1.64, a current ratio of 1.82 and a debt-to-equity ratio of 57.48. The firm has a fifty day simple moving average of C$12.17 and a two-hundred day simple moving average of C$12.62.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$25.57 million for the quarter. Polaris Renewable Energy had a net margin of 9.49% and a return on equity of 2.68%. On average, research 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.