Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Rating Increased to Strong-Buy at Baird R W

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was upgraded by analysts at Baird R W to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

A number of other equities research analysts also recently commented on HASI. Mizuho increased their price objective on shares of Hannon Armstrong Sustainable Infrastructure Capital from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price target on Hannon Armstrong Sustainable Infrastructure Capital from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. B. Riley raised Hannon Armstrong Sustainable Infrastructure Capital to a “strong-buy” rating in a research report on Tuesday, June 25th. Morgan Stanley raised their target price on Hannon Armstrong Sustainable Infrastructure Capital from $30.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $41.00 price target for the company. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $39.25.

Hannon Armstrong Sustainable Infrastructure Capital Stock Up 2.6 %

Shares of NYSE HASI opened at $34.40 on Friday. The stock has a market cap of $3.92 billion, a P/E ratio of 16.70, a PEG ratio of 1.30 and a beta of 1.98. The business’s fifty day simple moving average is $32.57 and its 200-day simple moving average is $30.28. Hannon Armstrong Sustainable Infrastructure Capital has a 12-month low of $13.22 and a 12-month high of $36.15. The company has a current ratio of 13.27, a quick ratio of 13.27 and a debt-to-equity ratio of 1.77.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Hannon Armstrong Sustainable Infrastructure Capital had a return on equity of 12.13% and a net margin of 69.21%. The company had revenue of $94.52 million for the quarter, compared to analyst estimates of $30.97 million. During the same quarter last year, the company earned $0.53 EPS. As a group, equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Hannon Armstrong Sustainable Infrastructure Capital

Several hedge funds have recently made changes to their positions in the business. Macroview Investment Management LLC purchased a new stake in Hannon Armstrong Sustainable Infrastructure Capital during the 2nd quarter valued at approximately $31,000. Scarborough Advisors LLC purchased a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the fourth quarter worth approximately $40,000. Plato Investment Management Ltd acquired a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital during the first quarter worth $49,000. Point72 Hong Kong Ltd purchased a new position in Hannon Armstrong Sustainable Infrastructure Capital in the 2nd quarter valued at $69,000. Finally, Addison Advisors LLC increased its stake in Hannon Armstrong Sustainable Infrastructure Capital by 28.1% in the 2nd quarter. Addison Advisors LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 580 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Hannon Armstrong Sustainable Infrastructure Capital Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc, through its subsidiaries, engages in the investment in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States. The company's portfolio includes equity investments, commercial and government receivables, real estate, and debt securities.