Atlantica Yield PLC (AY) Given Average Recommendation of “Buy” by Brokerages

Atlantica Yield PLC (NASDAQ:AY) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.13.

Several equities research analysts have commented on the company. Raymond James restated an “outperform” rating and issued a $27.50 target price on shares of Atlantica Yield in a research note on Tuesday, February 26th. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, March 15th. Finally, BidaskClub upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th.

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in Atlantica Yield in the 4th quarter valued at $30,000. Nisa Investment Advisors LLC bought a new stake in Atlantica Yield in the 4th quarter valued at $33,000. Tortoise Capital Advisors L.L.C. bought a new stake in Atlantica Yield in the 3rd quarter valued at $38,000. Tower Research Capital LLC TRC bought a new stake in Atlantica Yield in the 3rd quarter valued at $107,000. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in Atlantica Yield in the 3rd quarter valued at $114,000. Institutional investors own 50.67% of the company’s stock.

Shares of AY traded down $0.04 on Friday, hitting $19.46. The company’s stock had a trading volume of 230,944 shares, compared to its average volume of 497,604. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.50 and a current ratio of 1.53. Atlantica Yield has a fifty-two week low of $17.50 and a fifty-two week high of $21.22. The firm has a market capitalization of $1.96 billion, a PE ratio of 46.33, a P/E/G ratio of 1.02 and a beta of 0.63.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend was Monday, March 11th. Atlantica Yield’s payout ratio is 352.38%.

Atlantica Yield Company Profile

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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Analyst Recommendations for Atlantica Yield (NASDAQ:AY)

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