Polaris Infrastructure (PIF) Given New C$25.00 Price Target at Raymond James

Polaris Infrastructure (TSE:PIF) had its price target boosted by Raymond James from C$22.00 to C$25.00 in a research report released on Wednesday. Raymond James currently has an outperform rating on the stock.

Separately, Industrial Alliance Securities reduced their price target on Polaris Infrastructure from C$30.00 to C$23.00 in a report on Tuesday, October 9th.

Polaris Infrastructure stock traded down C$0.44 during mid-day trading on Wednesday, reaching C$11.90. 30,025 shares of the company were exchanged, compared to its average volume of 40,734. Polaris Infrastructure has a twelve month low of C$9.50 and a twelve month high of C$20.75. The company has a quick ratio of 2.50, a current ratio of 2.56 and a debt-to-equity ratio of 87.07.

Polaris Infrastructure (TSE:PIF) last posted its quarterly earnings results on Tuesday, August 7th. The company reported C$0.32 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.09. The business had revenue of C$22.79 million during the quarter, compared to analyst estimates of C$23.14 million. Analysts predict that Polaris Infrastructure will post 1.46999996902755 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.04%. Polaris Infrastructure’s dividend payout ratio is currently 152.45%.

About Polaris Infrastructure

Polaris Infrastructure Inc, a renewable energy company, acquires, explores, develops, and operates geothermal energy projects in Latin America. The company, through its subsidiaries, owns and operates a 72 megawatt net capacity geothermal facility, the San Jacinto project, located in northwest Nicaragua.

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