Azure Energy World (NYSE:AZRE) had its worth goal upped by analysts at JMP Securities from $28.00 to $38.00 in a report launched on Friday, The Fly studies. JMP Securities’ worth goal suggests a possible upside of 18.64% from the inventory’s present worth.
A number of different equities analysts have additionally commented on AZRE. Zacks Funding Analysis raised shares of Azure Energy World from a “promote” ranking to a “maintain” ranking and set a $25.00 goal worth on the inventory in a report on Tuesday, August 18th. Barclays elevated their goal worth on shares of Azure Energy World from $22.00 to $27.00 and gave the corporate an “chubby” ranking in a report on Monday, August 17th. ValuEngine raised shares of Azure Energy World from a “maintain” ranking to a “purchase” ranking in a report on Monday, August third. TheStreet raised shares of Azure Energy World from a “d+” ranking to a “c-” ranking in a analysis report on Thursday, July 30th. Lastly, Credit score Suisse Group reissued a “purchase” ranking and set a $23.00 worth goal on shares of Azure Energy World in a analysis report on Tuesday, June 16th. One funding analyst has rated the inventory with a maintain ranking and 7 have given a purchase ranking to the corporate’s inventory. The corporate has a consensus ranking of “Purchase” and a consensus goal worth of $25.64.
Shares of NYSE:AZRE traded up $Zero.13 throughout buying and selling on Friday, reaching $32.03. The corporate had a buying and selling quantity of four,536 shares, in comparison with its common quantity of 37,892. The corporate has a fifty day shifting common of $23.42 and a two-hundred day shifting common of $17.57. The inventory has a market capitalization of $1.52 billion, a P/E ratio of -40.97 and a beta of Zero.58. Azure Energy World has a 12 month low of $11.12 and a 12 month excessive of $32.94. The corporate has a present ratio of two.37, a fast ratio of two.37 and a debt-to-equity ratio of three.35.
Azure Energy World (NYSE:AZRE) final issued its quarterly earnings outcomes on Thursday, August 13th. The vitality firm reported $Zero.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($Zero.23) by $Zero.30. The agency had income of $52.20 million for the quarter, in comparison with analyst estimates of $50.50 million. Azure Energy World had a adverse web margin of 18.28% and a adverse return on fairness of 6.33%. As a bunch, equities analysis analysts predict that Azure Energy World will submit -Zero.31 earnings per share for the present yr.
A number of institutional traders and hedge funds have lately purchased and bought shares of the inventory. Advisor Group Holdings Inc. bought a brand new place in Azure Energy World in the course of the second quarter valued at roughly $28,00Zero. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Azure Energy World by 38.Zero% in the course of the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,763 shares of the vitality firm’s inventory valued at $103,00Zero after buying a further 1,863 shares within the final quarter. Brookfield Asset Administration Inc. bought a brand new place in Azure Energy World in the course of the second quarter valued at roughly $185,00Zero. State Avenue Corp lifted its holdings in shares of Azure Energy World by 11.1% within the first quarter. State Avenue Corp now owns 26,010 shares of the vitality firm’s inventory price $398,00Zero after shopping for a further 2,600 shares within the final quarter. Lastly, Invesco Ltd. bought a brand new place in shares of Azure Energy World within the first quarter price $2,370,00Zero. 63.32% of the inventory is presently owned by institutional traders.
About Azure Energy World
Azure Energy World Restricted, along with its subsidiaries, engages within the growth, building, possession, operation, upkeep, and administration of solar energy crops in India. It generates photo voltaic vitality primarily based on long-term contracts with Indian authorities vitality distribution corporations, in addition to different non-governmental vitality distribution corporations and industrial clients.
Featured Article: What are the dangers of holding treasury bonds?
This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]