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Morgan Stanley Sticks to Their Hold Rating for Atlantica Yield plc

·1 min read


Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Atlantica Yield (NASDAQ:AY) plc on Friday, setting a price target of $28, which is approximately 18.59% above the present share price of $23.61.

Byrd expects Atlantica Yield plc to post earnings per share (EPS) of -$0.40 for the second quarter of 2020.

The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Atlantica Yield, with an average price target of $26.5.
The analysts price targets range from a high of $27 to a low of $26.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $210.4 million and a net profit of $52.79 million. The company's market cap is $2.41 billion.

According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is a 3-star analyst with an average return of 0.7% and a 54.2% success rate.

Atlantica Yield Plc engages in the ownership, management, and acquisition of renewable energy. It specializes in the following businesses: Renewable Energy; Natural Gas; Electrical Transmission; and Water. The Renewable Energy business includes production of electricity from solar power and wind plants. The Natural Gas business offers electricity and steam from natural gas. The Electric Transmission business relates to the operation of electric transmission lines. The Water business is responsible for desalination plants related activities. The company was founded on December 17, 2013 and is headquartered in Brentford, United Kingdom.