Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) had its price objective cut by equities researchers at Roth Mkm from $22.00 to $19.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 20.25% from the stock’s previous close.
Several other equities research analysts also recently weighed in on ENLT. Mizuho assumed coverage on Enlight Renewable Energy in a report on Tuesday. They issued a “neutral” rating and a $17.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Enlight Renewable Energy from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, October 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enlight Renewable Energy has a consensus rating of “Moderate Buy” and an average target price of $19.83.
Enlight Renewable Energy Price Performance
Enlight Renewable Energy (NASDAQ:ENLT – Get Free Report) last issued its quarterly earnings data on Monday, November 20th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Enlight Renewable Energy had a return on equity of 5.76% and a net margin of 25.17%. The firm had revenue of $58.32 million during the quarter, compared to analysts’ expectations of $65.78 million. As a group, research analysts forecast that Enlight Renewable Energy will post 0.53 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ENLT. Cubist Systematic Strategies LLC purchased a new position in Enlight Renewable Energy during the first quarter valued at approximately $32,000. Legal & General Group Plc grew its stake in shares of Enlight Renewable Energy by 1,250.5% during the 3rd quarter. Legal & General Group Plc now owns 2,890 shares of the company’s stock worth $46,000 after purchasing an additional 2,676 shares during the period. Deutsche Bank AG purchased a new position in shares of Enlight Renewable Energy during the 1st quarter valued at approximately $106,000. Bank of New York Mellon Corp acquired a new position in shares of Enlight Renewable Energy in the 1st quarter valued at $10,742,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Enlight Renewable Energy during the second quarter worth $130,000. Hedge funds and other institutional investors own 32.92% of the company’s stock.
Enlight Renewable Energy Company Profile
Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.
- Five stocks we like better than Enlight Renewable Energy
- The 3 Best Fintech Stocks to Buy Now
- Microsoft’s dynamic move: Shares surge as new AI unit established
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Wynn Resorts has an ace up its sleeve
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Zoom Video Communications: A tech phoenix ready to rise
Receive News & Ratings for Enlight Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enlight Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.