FY2017 EPS Estimates for Innergex Renewable Energy Inc Decreased by Analyst (INE)

Innergex Renewable Energy Inc (TSE:INE) – Stock analysts at National Bank Financial dropped their FY2017 EPS estimates for shares of Innergex Renewable Energy in a note issued to investors on Monday. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.30 for the year, down from their prior estimate of $0.37.

COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Innergex Renewable Energy Inc Decreased by Analyst (INE)” was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/09/13/fy2017-eps-estimates-for-innergex-renewable-energy-inc-decreased-by-analyst-ine.html.

Separately, BMO Capital Markets raised their target price on shares of Innergex Renewable Energy from C$18.50 to C$19.00 in a report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Innergex Renewable Energy currently has an average rating of “Hold” and a consensus price target of C$17.00.

Shares of Innergex Renewable Energy (TSE INE) opened at 15.59 on Wednesday. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 70.54. Innergex Renewable Energy has a 52 week low of $12.43 and a 52 week high of $15.72. The stock’s 50 day moving average price is $14.61 and its 200 day moving average price is $14.44.

In other news, Director Monique Mercier acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of C$14.34 per share, with a total value of C$28,680.00.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.165 dividend. This is a positive change from Innergex Renewable Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 4.23%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

Earnings History and Estimates for Innergex Renewable Energy (TSE:INE)

Receive News & Ratings for Innergex Renewable Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply