Raymond James Raises Polaris Infrastructure (PIF) Price Target to C$25.00

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Polaris Infrastructure (TSE:PIF) had its target price boosted by investment analysts at Raymond James from C$22.00 to C$25.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 101.45% from the stock’s current price.

Separately, Industrial Alliance Securities lowered their price objective on Polaris Infrastructure from C$30.00 to C$23.00 in a research report on Tuesday, October 9th.

Polaris Infrastructure stock traded up C$0.07 during mid-day trading on Wednesday, hitting C$12.41. The company had a trading volume of 53,231 shares, compared to its average volume of 40,706. The company has a debt-to-equity ratio of 87.07, a quick ratio of 2.50 and a current ratio of 2.56. Polaris Infrastructure has a 12-month low of C$9.50 and a 12-month high of C$20.75.

Polaris Infrastructure (TSE:PIF) last released its quarterly earnings data on Tuesday, August 7th. The company reported C$0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.23 by C$0.09. The company had revenue of C$22.79 million during the quarter, compared to analysts’ expectations of C$23.14 million. As a group, equities research analysts expect that Polaris Infrastructure will post 1.46999996902755 earnings per share for the current year.

Polaris Infrastructure Company Profile

Polaris Infrastructure Inc, a renewable energy company, acquires, explores, develops, and operates geothermal energy projects in Latin America. The company, through its subsidiaries, owns and operates a 72 megawatt net capacity geothermal facility, the San Jacinto project, located in northwest Nicaragua.

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