Shares of Abengoa Yield PLC (NASDAQ:ABY) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.00.
A number of research firms have weighed in on ABY. Avondale Partners reaffirmed a “conviction-buy” rating on shares of Abengoa Yield PLC in a research report on Tuesday, August 23rd. Zacks Investment Research downgraded Abengoa Yield PLC from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 25th.
Several large investors have recently made changes to their positions in ABY. Advisory Services Network LLC boosted its stake in shares of Abengoa Yield PLC by 229.5% in the third quarter. Advisory Services Network LLC now owns 10,075 shares of the company’s stock worth $192,000 after buying an additional 7,017 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Abengoa Yield PLC by 26.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 92,484 shares of the company’s stock worth $1,719,000 after buying an additional 19,500 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Abengoa Yield PLC during the second quarter worth about $195,000. Panagora Asset Management Inc. bought a new stake in shares of Abengoa Yield PLC during the second quarter worth about $313,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Abengoa Yield PLC by 1.2% in the second quarter. Guggenheim Capital LLC now owns 607,884 shares of the company’s stock worth $11,295,000 after buying an additional 7,184 shares in the last quarter. Institutional investors own 55.84% of the company’s stock.
Shares of Abengoa Yield PLC (NASDAQ:ABY) opened at 18.55 on Friday. The stock has a 50 day moving average of $18.73 and a 200 day moving average of $18.52. The firm’s market cap is $1.86 billion. Abengoa Yield PLC has a 52 week low of $13.11 and a 52 week high of $21.83.
Abengoa Yield PLC (NASDAQ:ABY) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Abengoa Yield PLC had a negative net margin of 24.39% and a negative return on equity of 1.03%. Equities analysts forecast that Abengoa Yield PLC will post $0.23 earnings per share for the current year.
Abengoa Yield PLC Company Profile
Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. The Company owns approximately 20 assets, comprising 1,441 mega watts of renewable energy generation, 300 mega watts of conventional power generation, 1,099 miles of electric transmission lines and 10.5 Mft3 per day of water assets.
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