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

Polaris Renewable Energy (TSE:PIF) had its price target lowered by Raymond James Financial from C$20.00 to C$18.25 in a research report released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

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

Polaris Renewable Energy Price Performance

Polaris Renewable Energy stock opened at C$12.10 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.64 and a debt-to-equity ratio of 57.48. The company has a fifty day simple moving average of C$12.17 and a 200-day simple moving average of C$12.62. The stock has a market cap of C$253.91 million, a P/E ratio of -22.41, a price-to-earnings-growth ratio of 3.28 and a beta of 0.60. Polaris Renewable Energy has a 12-month low of C$10.70 and a 12-month high of C$14.20.

Polaris Renewable Energy (TSE:PIF) last posted its earnings results on Thursday, February 19th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$25.57 million for the quarter. Polaris Renewable Energy had a return on equity of 2.68% and a net margin of 9.49%. Equities analysts expect that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 27th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Polaris Renewable Energy’s dividend payout ratio is presently -111.11%.

About Polaris Renewable Energy

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.