Atlantica Yield PLC (NASDAQ:AY)’s share price hit a new 52-week low on Wednesday . The company traded as low as $17.98 and last traded at $18.38, with a volume of 11587 shares changing hands. The stock had previously closed at $18.37.

AY has been the topic of a number of research reports. BidaskClub upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a report on Saturday, December 22nd. Zacks Investment Research upgraded Atlantica Yield from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, October 10th. ValuEngine upgraded Atlantica Yield from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Deutsche Bank assumed coverage on Atlantica Yield in a report on Friday, September 28th. They issued a “buy” rating on the stock. Finally, Citigroup assumed coverage on Atlantica Yield in a report on Monday, January 7th. They issued a “buy” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.25.

The firm has a market capitalization of $1.84 billion, a P/E ratio of -101.06, a P/E/G ratio of 0.53 and a beta of 0.75. The company has a quick ratio of 2.57, a current ratio of 2.61 and a debt-to-equity ratio of 2.92.

Atlantica Yield (NASDAQ:AY) last released its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Atlantica Yield had a positive return on equity of 3.21% and a negative net margin of 3.17%. The firm had revenue of $323.81 million for the quarter, compared to the consensus estimate of $297.91 million. As a group, equities research analysts forecast that Atlantica Yield PLC will post 0.86 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Atlantica Yield during the third quarter valued at approximately $2,272,000. CarVal Investors LLC bought a new stake in shares of Atlantica Yield in the third quarter valued at approximately $17,596,000. Engineers Gate Manager LP bought a new stake in shares of Atlantica Yield in the third quarter valued at approximately $773,000. Diameter Capital Partners LP bought a new stake in shares of Atlantica Yield in the third quarter valued at approximately $27,371,000. Finally, Nokota Management LP bought a new stake in shares of Atlantica Yield in the third quarter valued at approximately $15,892,000. Hedge funds and other institutional investors own 48.06% of the company’s stock.

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About Atlantica Yield (NASDAQ:AY)

Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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