Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Receives $22.20 Consensus Price Target from Brokerages

Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $22.20.

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Wednesday, November 6th. They set a “sell” rating on the stock.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

Institutional investors have recently modified their holdings of the business. Alpine Associates Management Inc. boosted its holdings in Atlantica Sustainable Infrastructure by 54.0% during the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock worth $36,542,000 after buying an additional 582,821 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at $1,356,000. Entropy Technologies LP bought a new stake in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at $567,000. Wolverine Asset Management LLC raised its stake in Atlantica Sustainable Infrastructure by 321.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 105,803 shares of the utilities provider’s stock worth $2,326,000 after buying an additional 80,703 shares during the period. Finally, Insight Folios Inc lifted its holdings in Atlantica Sustainable Infrastructure by 2.4% during the third quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ AY opened at $22.09 on Friday. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35. The business has a fifty day moving average of $21.96 and a two-hundred day moving average of $22.01. The stock has a market cap of $2.56 billion, a PE ratio of 66.94, a PEG ratio of 2.15 and a beta of 1.03.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.