Zacks Research Upgrades XPLR Infrastructure (NYSE:XIFR) to Strong-Buy

XPLR Infrastructure (NYSE:XIFR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also commented on XIFR. Morgan Stanley raised their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Evercore reissued a “positive” rating and issued a $12.00 price objective on shares of XPLR Infrastructure in a report on Monday. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $12.00 target price on shares of XPLR Infrastructure in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.50.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR opened at $11.31 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14. The stock’s fifty day moving average price is $11.92 and its two-hundred day moving average price is $11.17. XPLR Infrastructure has a one year low of $8.68 and a one year high of $13.25. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.40 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The company had revenue of $363.00 million during the quarter. During the same period in the prior year, the business posted $0.84 EPS. On average, equities analysts forecast that XPLR Infrastructure will post 0.11 EPS for the current year.

Institutional Investors Weigh In On XPLR Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of XIFR. US Bancorp DE acquired a new stake in XPLR Infrastructure during the third quarter worth about $28,000. Huntington National Bank increased its holdings in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $77,000. Finally, Headlands Technologies LLC bought a new stake in shares of XPLR Infrastructure during the 2nd quarter worth approximately $111,000. Institutional investors own 66.01% of the company’s stock.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.