Deutsche Bank Aktiengesellschaft started coverage on shares of Enlight Renewable Energy (NASDAQ:ENLT - Free Report) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $22.00 target price on the stock.
Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Finally, Barclays raised their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of "Moderate Buy" and an average target price of $20.25.
Get Our Latest Stock Analysis on ENLT
Enlight Renewable Energy Trading Up 3.0 %
Enlight Renewable Energy stock traded up $0.50 during mid-day trading on Thursday, hitting $17.11. 18,734 shares of the stock were exchanged, compared to its average volume of 15,496. Enlight Renewable Energy has a 12 month low of $14.09 and a 12 month high of $18.48. The firm's fifty day simple moving average is $16.85 and its two-hundred day simple moving average is $16.35. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 47.53 and a beta of 1.38. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The business had revenue of $114.21 million for the quarter, compared to the consensus estimate of $289.04 million. Analysts forecast that Enlight Renewable Energy will post 0.41 EPS for the current year.
Institutional Investors Weigh In On Enlight Renewable Energy
A number of hedge funds have recently modified their holdings of ENLT. Y.D. More Investments Ltd boosted its position in shares of Enlight Renewable Energy by 18.6% during the fourth quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock worth $53,043,000 after acquiring an additional 482,129 shares during the last quarter. Phoenix Financial Ltd. grew its stake in shares of Enlight Renewable Energy by 42.2% during the fourth quarter. Phoenix Financial Ltd. now owns 1,254,495 shares of the company's stock valued at $21,634,000 after buying an additional 372,403 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Enlight Renewable Energy by 4.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company's stock worth $147,885,000 after purchasing an additional 353,750 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Enlight Renewable Energy in the 3rd quarter worth about $4,901,000. Finally, Meitav Investment House Ltd. increased its holdings in Enlight Renewable Energy by 4.0% during the 4th quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock worth $101,910,000 after purchasing an additional 229,255 shares during the period. Institutional investors own 38.89% of the company's stock.
About Enlight Renewable Energy
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Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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