Cormark Issues Positive Forecast for Polaris Renewable Energy (TSE:PIF) Stock Price

Polaris Renewable Energy (TSE:PIF) had its price target upped by Cormark from C$23.50 to C$25.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Separately, Raymond James lifted their target price on Polaris Renewable Energy from C$19.00 to C$21.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 1st.

Polaris Renewable Energy Trading Up 1.6 %

PIF opened at C$12.85 on Thursday. Polaris Renewable Energy has a 12-month low of C$11.08 and a 12-month high of C$14.14. The company has a debt-to-equity ratio of 62.63, a current ratio of 1.86 and a quick ratio of 1.64. The stock has a market capitalization of C$270.88 million, a PE ratio of 25.70, a P/E/G ratio of 3.28 and a beta of 0.97. The firm’s fifty day moving average price is C$13.12 and its 200 day moving average price is C$12.63.

Polaris Renewable Energy (TSE:PIF) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.05). Polaris Renewable Energy had a return on equity of 2.88% and a net margin of 10.08%. During the same quarter in the prior year, the firm posted $0.07 EPS. As a group, research analysts expect that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Insider Activity at Polaris Renewable Energy

In related news, Director Marc Murnaghan acquired 41,500 shares of Polaris Renewable Energy stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average price of C$12.49 per share, for a total transaction of C$518,413.85. Insiders own 2.94% of the company’s stock.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.