XPLR Infrastructure (NYSE:XIFR) Price Target Raised to $11.00 at Morgan Stanley

XPLR Infrastructure (NYSE:XIFR) had its price target upped by stock analysts at Morgan Stanley from $10.00 to $11.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the solar energy provider’s stock. Morgan Stanley’s price objective points to a potential upside of 5.15% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Mizuho set a $12.00 price objective on XPLR Infrastructure in a research report on Wednesday, February 11th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Barclays increased their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Finally, Evercore restated a “hold” rating and set a $10.80 price objective on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, XPLR Infrastructure currently has an average rating of “Reduce” and a consensus target price of $12.47.

XPLR Infrastructure Price Performance

XIFR traded down $0.07 during trading on Tuesday, hitting $10.46. The company’s stock had a trading volume of 105,716 shares, compared to its average volume of 1,285,062. The firm’s 50 day moving average price is $10.36 and its two-hundred day moving average price is $10.00. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $11.43. The stock has a market capitalization of $986.37 million, a price-to-earnings ratio of -33.74 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.87. The business had revenue of $249.00 million during the quarter. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s revenue was down 15.3% compared to the same quarter last year. Sell-side analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XPLR Infrastructure

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in shares of XPLR Infrastructure during the second quarter worth $25,000. US Bancorp DE bought a new position in XPLR Infrastructure in the third quarter valued at $28,000. Huntington National Bank increased its stake in XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after acquiring an additional 2,698 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in XPLR Infrastructure during the third quarter valued at about $55,000. Finally, JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure during the second quarter valued at about $55,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Company Profile

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.