Robert W. Baird Boosts Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Price Target to $47.00

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) had its target price boosted by stock analysts at Robert W. Baird from $36.00 to $47.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 40.13% from the company’s current price.

Other analysts have also recently issued research reports about the stock. B. Riley raised shares of Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Mizuho boosted their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada started coverage on Hannon Armstrong Sustainable Infrastructure Capital in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $41.00 target price for the company. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Down 0.8 %

Hannon Armstrong Sustainable Infrastructure Capital stock opened at $33.54 on Friday. The company has a market capitalization of $3.82 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.98. The company has a debt-to-equity ratio of 1.77, a quick ratio of 13.27 and a current ratio of 13.27. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $13.22 and a fifty-two week high of $36.15. The firm has a 50 day moving average price of $32.52 and a 200 day moving average price of $30.22.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $30.97 million. During the same period in the previous year, the firm posted $0.53 earnings per share. Research analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 earnings per share for the current year.

Hedge Funds Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at $24,660,000. Hsbc Holdings PLC grew its holdings in shares of Hannon Armstrong Sustainable Infrastructure Capital by 53.5% during the fourth quarter. Hsbc Holdings PLC now owns 40,137 shares of the real estate investment trust’s stock worth $1,107,000 after purchasing an additional 13,990 shares during the last quarter. Bard Associates Inc. increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 4.1% during the fourth quarter. Bard Associates Inc. now owns 18,124 shares of the real estate investment trust’s stock worth $507,000 after purchasing an additional 720 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 4th quarter valued at about $345,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 0.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 162,166 shares of the real estate investment trust’s stock valued at $4,473,000 after purchasing an additional 758 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.