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

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Five equities research 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 analysts that have issued ratings on the stock in the last year is $22.20.

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

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of AY. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Private Trust Co. NA increased its stake in shares of Atlantica Sustainable Infrastructure by 362.1% in the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 1,995 shares during the period. Headlands Technologies LLC grew its stake in shares of Atlantica Sustainable Infrastructure by 499.4% in the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 3,411 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Atlantica Sustainable Infrastructure by 433.5% during the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares during the period. Finally, Covestor Ltd grew its holdings in Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 1,064 shares during the period. Institutional investors and hedge funds own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY opened at $22.10 on Friday. The business’s 50 day moving average is $21.97 and its 200 day moving average is $22.04. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47. The company has a market capitalization of $2.56 billion, a PE ratio of 66.97, a price-to-earnings-growth 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.