Atlantica Yield (NASDAQ:AY) had its price target upped by Raymond James from $26.00 to $27.50 in a report issued on Tuesday. Raymond James currently has an outperform rating on the utilities provider’s stock.

Several other research analysts have also recently issued reports on AY. ValuEngine cut shares of Atlantica Yield from a buy rating to a hold rating in a report on Thursday, November 1st. Zacks Investment Research cut shares of Atlantica Yield from a buy rating to a hold rating in a research note on Wednesday, October 31st. Deutsche Bank began coverage on shares of Atlantica Yield in a research note on Friday, September 28th. They issued a buy rating for the company. BidaskClub cut shares of Atlantica Yield from a buy rating to a hold rating in a research note on Wednesday, September 26th. Finally, Bank of America lifted their target price on shares of Atlantica Yield from $25.00 to $26.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Atlantica Yield presently has an average rating of Buy and an average target price of $25.50.

AY stock traded up $0.02 during trading on Tuesday, hitting $20.85. The company had a trading volume of 235,308 shares, compared to its average volume of 482,411. The company has a market capitalization of $2.10 billion, a PE ratio of -115.83 and a beta of 0.91. Atlantica Yield has a 52-week low of $18.00 and a 52-week high of $25.99. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.61 and a quick ratio of 2.47.

Atlantica Yield (NASDAQ:AY) last posted its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The company had revenue of $323.81 million for the quarter, compared to the consensus estimate of $297.91 million. Atlantica Yield had a negative net margin of 3.17% and a positive return on equity of 3.21%. Sell-side analysts forecast that Atlantica Yield will post 0.88 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in AY. Northern Trust Corp raised its position in Atlantica Yield by 8.6% during the 1st quarter. Northern Trust Corp now owns 45,736 shares of the utilities provider’s stock worth $896,000 after buying an additional 3,630 shares during the last quarter. Atria Investments LLC raised its position in Atlantica Yield by 31.9% during the 2nd quarter. Atria Investments LLC now owns 17,047 shares of the utilities provider’s stock worth $344,000 after buying an additional 4,124 shares during the last quarter. UBS Group AG raised its position in Atlantica Yield by 5.8% during the 1st quarter. UBS Group AG now owns 172,760 shares of the utilities provider’s stock worth $3,382,000 after buying an additional 9,491 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Atlantica Yield during the 3rd quarter valued at approximately $723,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Atlantica Yield during the 3rd quarter valued at approximately $773,000. Institutional investors own 49.27% of the company’s stock.

About Atlantica Yield

Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 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; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

Featured Story: What does cost of debt say about a company’s financial health?

Analyst Recommendations for Atlantica Yield (NASDAQ:AY)

Receive News & Ratings for Atlantica Yield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantica Yield and related companies with MarketBeat.com's FREE daily email newsletter.