Innergex Renewable Energy Inc to Post Q3 2017 Earnings of $0.16 Per Share, National Bank Financial Forecasts (TSE:INE)

Innergex Renewable Energy Inc (TSE:INE) – Equities research analysts at National Bank Financial boosted their Q3 2017 earnings per share (EPS) estimates for Innergex Renewable Energy in a report released on Tuesday. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q4 2017 earnings at $0.08 EPS and FY2018 earnings at $0.57 EPS.

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Other analysts have also issued research reports about the stock. Desjardins lifted their target price on shares of Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. TD Securities lifted their target price on shares of Innergex Renewable Energy from C$14.50 to C$15.00 and gave the company a “hold” rating in a research report on Friday, May 5th. Raymond James Financial, Inc. lifted their target price on shares of Innergex Renewable Energy from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Finally, AltaCorp Capital lowered shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Innergex Renewable Energy presently has an average rating of “Hold” and a consensus price target of C$16.67.

Innergex Renewable Energy (INE) opened at 14.47 on Friday. The company has a market cap of $1.57 billion and a P/E ratio of 65.77. Innergex Renewable Energy has a 12-month low of $12.43 and a 12-month high of $15.80. The firm’s 50 day moving average is $14.50 and its 200 day moving average is $14.22.

About Innergex Renewable Energy

Innergex Renewable Energy Inc is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

Earnings History and Estimates for Innergex Renewable Energy (TSE:INE)

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