Polaris Renewable Energy (TSE:PIF - Get Free Report) had its target price boosted by Raymond James from C$19.00 to C$21.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a "strong-buy" rating on the stock. Raymond James' target price would indicate a potential upside of 73.55% from the company's previous close.
Separately, National Bankshares boosted their price objective on shares of Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an "outperform" rating in a report on Tuesday, July 16th.
Read Our Latest Stock Report on PIF
Polaris Renewable Energy Price Performance
Shares of TSE:PIF traded up C$0.10 during midday trading on Friday, reaching C$12.10. 60,289 shares of the company's stock were exchanged, compared to its average volume of 45,205. The company's 50 day simple moving average is C$12.31 and its two-hundred day simple moving average is C$12.50. The firm has a market capitalization of C$255.07 million, a PE ratio of 24.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Polaris Renewable Energy has a 12 month low of C$11.08 and a 12 month high of C$14.14. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.07 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.03). Polaris Renewable Energy had a net margin of 10.08% and a return on equity of 2.88%. The company had revenue of C$25.59 million during the quarter, compared to analyst estimates of C$25.50 million. Equities research analysts expect that Polaris Renewable Energy will post 0.6481187 earnings per share for the current fiscal year.
About Polaris Renewable Energy
(
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Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.
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