National Bank Financial Boosts Atlantic Power (ATP) Price Target to C$2.90

Atlantic Power (TSE:ATP) (NYSE:ATP) had its price target increased by National Bank Financial from C$2.80 to C$2.90 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 11.31% from the company’s previous close. National Bank Financial also issued estimates for Atlantic Power’s Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.07 EPS and Q4 2019 earnings at $0.09 EPS.

Separately, Royal Bank of Canada increased their target price on shares of Atlantic Power from C$3.00 to C$3.50 and gave the stock a “sector perform” rating in a research note on Monday, March 4th.

TSE ATP opened at C$3.27 on Friday. Atlantic Power has a 1 year low of C$2.63 and a 1 year high of C$4.01. The company has a debt-to-equity ratio of 374.07, a quick ratio of 0.82 and a current ratio of 1.01. The company has a market capitalization of $357.61 million and a price-to-earnings ratio of 13.24.

Atlantic Power (TSE:ATP) (NYSE:ATP) last posted its earnings results on Thursday, February 28th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.15. The firm had revenue of C$93.45 million during the quarter. As a group, research analysts forecast that Atlantic Power will post 0.0399999948881796 EPS for the current fiscal year.

Atlantic Power Company Profile

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.

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