BidaskClub lowered shares of Atlantica Yield (NASDAQ:AY) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Atlantica Yield from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine upgraded Atlantica Yield from a hold rating to a buy rating in a report on Wednesday, October 3rd. Deutsche Bank started coverage on Atlantica Yield in a report on Friday, September 28th. They set a buy rating on the stock. Bank of America increased their target price on Atlantica Yield from $25.00 to $26.00 and gave the stock a buy rating in a report on Tuesday, August 7th. Finally, Royal Bank of Canada restated a buy rating and set a $24.00 target price on shares of Atlantica Yield in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $25.50.

Shares of AY stock opened at $20.85 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.47 and a debt-to-equity ratio of 2.92. The firm has a market cap 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.

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

Several institutional investors and hedge funds have recently modified their holdings of AY. Atria Investments LLC lifted its stake in Atlantica Yield by 31.9% in the second quarter. Atria Investments LLC now owns 17,047 shares of the utilities provider’s stock valued at $344,000 after buying an additional 4,124 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Atlantica Yield in the third quarter valued at about $723,000. Engineers Gate Manager LP acquired a new position in Atlantica Yield in the third quarter valued at about $773,000. Northern Trust Corp lifted its stake in Atlantica Yield by 8.6% in the first quarter. Northern Trust Corp now owns 45,736 shares of the utilities provider’s stock valued at $896,000 after buying an additional 3,630 shares during the period. Finally, C WorldWide Group Holding A S acquired a new position in Atlantica Yield in the third quarter valued at about $1,774,000. 49.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Atlantica Yield (NASDAQ:AY)

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