Morgan Stanley Forecasts Strong Price Appreciation for XPLR Infrastructure (NYSE:XIFR) Stock

Key Points

• Morgan Stanley raised its price objective on XPLR Infrastructure from $10.00 to $11.00 but kept an underweight rating, implying about a 5.15% upside from the stock's recent price (~$10.46).
• Analyst sentiment is mixed—two Buys, three Holds and three Sells—resulting in a MarketBeat consensus rating of Reduce and a consensus target price of $12.47, with the stock carrying a market cap near $986 million.
• XPLR recently beat EPS expectations (reported $0.30 vs. a consensus of -$0.57) but revenue fell 15.3% year-over-year and the company showed a negative net margin of 2.27%.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective lifted by equities research analysts at Morgan Stanley from $10.00 to $11.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the solar energy provider's stock. Morgan Stanley's price target points to a potential upside of 5.15% from the company's current price.

XIFR has been the subject of a number of other reports. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Evercore restated a "hold" rating and issued a $10.80 target price on shares of XPLR Infrastructure in a report on Thursday, March 5th. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Royal Bank Of Canada started coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They issued an "outperform" rating and a $14.00 target price for the company. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $12.47.

XPLR Infrastructure Price Performance

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

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm had revenue of $249.00 million during the quarter. XPLR Infrastructure's revenue for the quarter was down 15.3% on a year-over-year basis. On average, sell-side analysts forecast that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure in the 2nd quarter valued at $25,000. US Bancorp DE purchased a new stake in shares of XPLR Infrastructure during the 3rd quarter worth about $28,000. Huntington National Bank raised its stake in shares of XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider's stock worth $31,000 after purchasing an additional 2,698 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in XPLR Infrastructure in the 3rd quarter worth approximately $55,000. Finally, JPMorgan Chase & Co. acquired a new stake in XPLR Infrastructure in the 2nd quarter worth approximately $55,000. 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.

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