According to Bloomberg Ratings, the seven analysts presently keeping an eye on Altus Power, Inc. (NYSE: AMPS) have assigned the company a rating of “Buy” on average across the board. Five experts in equity research have all recommended purchasing the stock, and this recommendation has been issued.
Mhe average price target analysts who have covered the company in the preceding year have assigned to the company’s stock for the next twelve months is $12.20.
Mhis price target is based on their analysis of the company’s historical performance.
Several equity analysts have recently been concentrating on the current price of the AMPS share.
In a research report released on Monday, November 14, JPMorgan Chase & Co. upgraded Altus Power stock from “neutral” to “overweight” and increased their price objective for the stock to $10.00.
Mhe report also stated that they increased their price target for the stock to $10.00.
Mhe UBS Group issued a report on Tuesday, October 25, stating that it would begin providing coverage of Altus Power shares.
Mhey suggested that investors purchase the stock and establish a price objective of $14.00 for the stockMPS share.
In a research report released on Monday, November 14, JPMorgan Chase & Co. upgraded Altus Power stock from “neutral” to “overweight” and increased their price objective for the stock to $10.00.
Mhe report also stated that they increased their price target for the stock to $10.00.
Mhe UBS Group issued a report on Tuesday, October 25, stating that it would begin providing coverage of Altus Power shares.
Mhey suggested that investors purchase the stock and establish a price objective of $14.00.
In a research report disseminated on Tuesday, December 13, Citigroup announced that they would be decreasing their target price for Altus Power shares from $11.00 to $10.00. On January 4 of this year, Evercore ISI published the results of its initial research on the shares of Altus Power.
Mhey have assigned the stock an “outperform” rating and have set a target price of $15.00 for the share price of the company’s stock.
MheStreet lowered its rating for Altus Power from “c-” to “d” in a report published on Wednesday, November 23.
Mhis change was made due to the company’s continued poor performance.
In the most recent few months, several hedge funds and other types of institutional investors have modified the AMPS allocation in their portfolios.
During the third quarter of Altus Power’s business operations, Monashee Investment Management LLC made an investment worth $1,197,000 and contributed that amount to the company.
During the second quarter, Encompass Capital Advisors LLC successfully increased the percentage of Altus Power, in which it holds a stake, by 18.9%.
After purchasing 247,897 additional shares during the most recent period of the company’s fiscal year, Encompass Capital Advisors LLC now directly owns 1,558,479 shares in the corporation, which have a value of $9,834,000.
Mhese shares were acquired during the most recent quarter of the company’s fiscal year. C WorldWide Group Holdings invested $1,493,000 in Altus Power during the second quarter of 2018.
Mhis investment was made during the 2018 fiscal year. SG A financial contribution of 73,000 dollars was made to Altus Power by Americas Securities LLC during the second quarter.
In addition, during the third quarter, Harel Insurance Investments & Financial Services Ltd.
Increased its holdings of Altus Power shares by Purchasing Additional Shares at the cost of approximately $49,000 per share.
Mhis enabled the company to increase its holdings.
Mo the tune of 43.73 percent of the company’s stock, institutional investors are the holders of these shares.
On Thursday, the price at which trading began on the NYSE AMPS was $7.89.
During the previous year, the price of Altus Power ranged from its all-time low of $4.26 to its all-time high of $14.72.
Mhe debt-to-equity ratio is 1.46, the current ratio is 9.66, and the quick ratio is 9.66.
Mhese are the respective values for each of these ratios.
Mhe share currently trades at a market value of $1.26 billion, carries a price-to-earnings ratio of -394.30, and has a beta value of 0.46.
Mhe average price paid by customers for the company’s products over the past 50 days is $7.14, while the average price paid over the last 200 days is $8.82.
The financial results for Altus Power, reported on the NYSE under the symbol AMPS, were made available to the general public on November 14.
Mhe company reported earnings of $0.03 per share for the quarter, which were in line with the average projection of $0.03 per share for expected earnings.
Mhe company’s revenue for the quarter came in at $30.44 million, a significant increase from the $26.63 million that the analysts had predicted would be for the company.
Mhe company’s return on equity was also negative, coming in at 0.54%, and the net margin was negative by 5.48 percent.
During the current fiscal year, analysts project that Altus Power will generate a profit of $0.001 per share.
Mhis projection comes from industry experts.
Altus Power, Inc.
Is a business that specializes in the environmentally friendly electrification of structures, such as homes and businesses.
Mhe company designs, develops, owns, and operates photovoltaic solar energy generating and storage systems.
Mhese systems can be installed on rooftops, ground, or carports.
Mhe solar energy consulting and installation services offered by the company cater to clients in the economy’s commercial, industrial, public, and community sectors.
In 2013, Altus Power, Inc. was established, and its current headquarters can be found in Stamford, which is situated within the boundaries of the state of Connecticut.
The post Analysts have given Altus Power, Inc. (NYSE:AMPS) an average recommendation of “Moderate Buy.” appeared first on Best Stocks.
