Analyst Recommendations for Innergex Renewable EnergyAnalyst Recommendations for Innergex Renewable Energy Innergex Renewable Energy Inc. (TSE:INE) has garnered a consensus recommendation of “Moderate Buy” from nine analysts covering the stock, according to MarketBeat Ratings. Analyst Ratings * Hold: 4 analysts * Buy: 5 analysts Price Targets The average 12-month price target among analysts is C$12.25. Recent Analyst Reports * National Bankshares upgraded Innergex Renewable Energy from C$16.00 to C$17.00 and gave the stock an “outperform” rating on July 4th. * Cibc World Mkts downgraded Innergex Renewable Energy to a “hold” rating on July 22nd. * CIBC raised their price target on Innergex Renewable Energy from C$11.00 to C$11.50 and gave the company a “neutral” rating on July 22nd. * TD Securities downgraded Innergex Renewable Energy from “buy” to “hold” and set a C$10.00 price target on July 26th. * Scotiabank raised their price target on Innergex Renewable Energy from C$10.50 to C$12.50 and gave the stock an “outperform” rating on June 12th. Key Financial Metrics * Market cap: C$1.94 billion * P/E ratio: -14.89 * P/E growth ratio: 20.61 * Beta: 0.34 * Debt-to-equity ratio: 546.12 * Current ratio: 0.74 * Quick ratio: 0.58 Dividend Announcement Innergex Renewable Energy declared a quarterly dividend of $0.09 per share, paid on July 15th. The annualized dividend is $0.36, representing a yield of 3.78%. Insider Transactions Director Patrick Loulou bought 11,000 shares of the company on June 20th at an average price of C$10.25 per share. Insiders currently own 20.44% of the company’s shares.
Innergex Renewable Energy Inc. (TSE:INE – Get Free Report) has received a consensus recommendation of “Moderate Buy” from nine analysts covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating for the company. The average 12-month price target among brokerages that have issued a report on the stock in the past year is C$12.25.
A number of analysts have recently weighed in on INE stock. National Bankshares raised their price target on Innergex Renewable Energy from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, July 4th. Cibc World Mkts raised Innergex Renewable Energy to a “hold” rating in a research note on Monday, July 22nd. CIBC raised their price target on Innergex Renewable Energy from C$11.00 to C$11.50 and gave the company a “neutral” rating in a research note on Monday, July 22nd. TD Securities downgraded shares of Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$10.00 price target on the stock in a research note on Friday. Finally, Scotiabank raised their price target on shares of Innergex Renewable Energy from C$10.50 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday, June 12.
View our latest report on Innergex Renewable Energy
Innergex Renewable Energy stock return
Shares of Innergex Renewable Energy opened at C$9.53 on Monday. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of -14.89, a price-to-earnings growth ratio of 20.61 and a beta of 0.34. The company has a debt-to-equity ratio of 546.12, a current ratio of 0.74 and a quick ratio of 0.58. The company has a 50-day moving average of C$10.09 and a 200-day moving average of C$8.95. Innergex Renewable Energy has a 12-month low of C$7.05 and a 12-month high of C$13.34.
Innergex Renewable Energy (TSE:INE – Get Free Report) last released its quarterly results on Wednesday, May 8. The company reported C($0.11) earnings per share (EPS) for the quarter, which beat the consensus estimate of C($0.11). The company had revenue of C$242.54 million for the quarter, compared to analysts’ expectations of C$240.80 million. Innergex Renewable Energy had a negative net margin of 11.78% and a negative return on equity of 10.13%. As a group, sell-side analysts predict that Innergex Renewable Energy will post 0.0799919 earnings per share for the current year.
Dividend announcement from Innergex Renewable Energy
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 15th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, June 28th. This represents an annualized dividend of $0.36 and a yield of 3.78%. Innergex Renewable Energy’s payout ratio is currently -56.25%.
Insider transactions at Innergex Renewable Energy
In related news, Director Patrick Loulou bought 11,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20. The shares were purchased at an average price of C$10.25 per share, for a total value of C$112,750.00. Insiders own 20.44% of the company’s shares.
Company Profile of Innergex Renewable Energy
(Get Free Report
Innergex Renewable Energy Inc operates as an independent producer of renewable energy in Canada, the United States, France and Chile. The Company acquires, owns, develops and operates renewable energy generation and energy storage facilities primarily in the hydroelectric, wind and solar sectors. The Company operates through three segments: hydroelectric, wind and solar.
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