Enlight Renewable Energy (NASDAQ:ENLT - Free Report) had its target price reduced by Barclays from $21.00 to $20.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.
ENLT has been the topic of a number of other reports. JPMorgan Chase & Co. restated a neutral rating and set a $16.00 target price (down from $19.00) on shares of Enlight Renewable Energy in a report on Monday. Mizuho boosted their target price on shares of Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a neutral rating in a report on Wednesday, January 3rd.
Check Out Our Latest Report on ENLT
Enlight Renewable Energy Stock Down 2.9 %
Shares of ENLT stock traded down $0.48 during trading on Wednesday, reaching $16.32. The company's stock had a trading volume of 9,800 shares, compared to its average volume of 49,257. The business has a fifty day moving average price of $17.15 and a 200-day moving average price of $16.56. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.63. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 28.63 and a beta of 1.84. Enlight Renewable Energy has a one year low of $12.11 and a one year high of $20.44.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.05). The business had revenue of $73.83 million during the quarter, compared to the consensus estimate of $85.36 million. Enlight Renewable Energy had a return on equity of 5.05% and a net margin of 27.74%. Analysts anticipate that Enlight Renewable Energy will post 0.45 earnings per share for the current year.
Hedge Funds Weigh In On Enlight Renewable Energy
Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in Enlight Renewable Energy during the first quarter worth about $32,000. Legal & General Group Plc lifted its position in Enlight Renewable Energy by 1,250.5% during the third quarter. Legal & General Group Plc now owns 2,890 shares of the company's stock worth $46,000 after purchasing an additional 2,676 shares during the period. Deutsche Bank AG bought a new stake in Enlight Renewable Energy during the first quarter worth about $106,000. Tower Research Capital LLC TRC bought a new stake in Enlight Renewable Energy during the second quarter worth about $130,000. Finally, Sandia Investment Management LP bought a new stake in Enlight Renewable Energy during the first quarter worth about $169,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.
Enlight Renewable Energy Company Profile
(
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Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.
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