XPLR Infrastructure (NYSE:XIFR) Price Target Raised to $16.00 at Jefferies Financial Group

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective raised by equities research analysts at Jefferies Financial Group from $13.00 to $16.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the solar energy provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 66.67% from the stock's current price.

A number of other brokerages have also weighed in on XIFR. Mizuho dropped their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Barclays increased their target price on shares of XPLR Infrastructure from $6.00 to $9.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $16.77.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR traded up $1.18 during mid-day trading on Wednesday, hitting $9.60. The company had a trading volume of 1,698,716 shares, compared to its average volume of 2,232,499. The company has a current ratio of 1.85, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48. XPLR Infrastructure has a 1 year low of $7.53 and a 1 year high of $29.03. The stock's 50-day moving average price is $8.70 and its 200-day moving average price is $10.41. The company has a market capitalization of $902.41 million, a price-to-earnings ratio of -5.05 and a beta of 0.91.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The solar energy provider reported ($1.05) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.30). XPLR Infrastructure had a positive return on equity of 1.64% and a negative net margin of 14.10%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, sell-side analysts forecast that XPLR Infrastructure will post 2.33 earnings per share for the current year.

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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