Shares of Azure Power Global Ltd (NYSE:AZRE) have earned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.67.
Several research firms have weighed in on AZRE. Zacks Investment Research cut Azure Power Global from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th. Janney Montgomery Scott began coverage on Azure Power Global in a research note on Friday, August 17th. They set a “buy” rating on the stock. ValuEngine cut Azure Power Global from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. JMP Securities reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $26.00) on shares of Azure Power Global in a research note on Thursday. Finally, Credit Suisse Group lifted their target price on Azure Power Global from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 18th.
NYSE:AZRE opened at $12.00 on Friday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 3.81 and a current ratio of 3.81. Azure Power Global has a fifty-two week low of $11.69 and a fifty-two week high of $18.10. The stock has a market cap of $420.63 million, a price-to-earnings ratio of -18.46 and a beta of 1.89.
About Azure Power Global
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers.
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