XPLR Infrastructure (NYSE:XIFR) Price Target Cut to $11.00 by Analysts at Canadian Imperial Bank of Commerce

XPLR Infrastructure (NYSE:XIFR) had its target price cut by Canadian Imperial Bank of Commerce from $11.50 to $11.00 in a research report report published on Monday morning, MarketBeat Ratings reports. They currently have a neutral rating on the solar energy provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Barclays upped their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada assumed coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target on the stock. Mizuho set a $12.00 price target on XPLR Infrastructure in a research note on Wednesday, February 11th. Morgan Stanley upped their price target on XPLR Infrastructure from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.40.

XPLR Infrastructure Price Performance

XIFR opened at $10.02 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. XPLR Infrastructure has a 52-week low of $7.92 and a 52-week high of $11.43. The stock has a market capitalization of $944.31 million, a PE ratio of -32.31 and a beta of 0.97. The stock’s 50 day moving average price is $10.42 and its 200-day moving average price is $10.01.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The firm had revenue of $249.00 million for the quarter. XPLR Infrastructure’s revenue was down 15.3% compared to the same quarter last year. On average, equities research analysts predict that XPLR Infrastructure will post -0.67 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds have recently added to or reduced their stakes in the stock. Abundance Wealth Counselors bought a new position in shares of XPLR Infrastructure during the third quarter valued at $1,112,000. GraniteShares Advisors LLC bought a new position in shares of XPLR Infrastructure during the third quarter valued at $1,763,000. DekaBank Deutsche Girozentrale bought a new position in shares of XPLR Infrastructure during the third quarter valued at $1,299,000. Anchorage Capital Advisors L.P. bought a new position in shares of XPLR Infrastructure during the third quarter valued at $33,443,000. Finally, Aberdeen Group plc bought a new position in shares of XPLR Infrastructure during the third quarter valued at $7,044,000. 66.01% of the stock is owned by institutional investors.

About XPLR Infrastructure

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.