XPLR Infrastructure (NYSE:XIFR) Stock Price Expected to Rise, CIBC Analyst Says

Key Points

• CIBC analysts have increased their price target for XPLR Infrastructure from $11.00 to $11.50, suggesting an upside potential of approximately 11.60%.
• Other analysts have mixed ratings on XPLR Infrastructure, with two ratings as "Buy", eight as "Hold", and three as "Sell", while the consensus price target stands at $15.32.
• XPLR Infrastructure reported a Q2 EPS of $0.84, significantly exceeding the consensus estimate of $0.20, although revenue fell 5% year-over-year.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) had its price objective increased by equities research analysts at CIBC from $11.00 to $11.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the solar energy provider's stock. CIBC's target price would indicate a potential upside of 11.60% from the stock's previous close.

Several other analysts also recently issued reports on XIFR. Barclays upped their price objective on XPLR Infrastructure from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price objective on XPLR Infrastructure from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, XPLR Infrastructure presently has an average rating of "Reduce" and a consensus price target of $15.32.

XPLR Infrastructure Price Performance

XIFR traded up $0.05 during trading on Tuesday, reaching $10.31. 154,555 shares of the stock were exchanged, compared to its average volume of 1,996,498. The business's 50 day moving average price is $10.21 and its two-hundred day moving average price is $9.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72. The company has a market capitalization of $968.36 million, a price-to-earnings ratio of -5.96 and a beta of 0.91. XPLR Infrastructure has a 1 year low of $7.53 and a 1 year high of $25.32.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.64. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $359.64 million. The firm's revenue was down 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that XPLR Infrastructure will post 2.33 earnings per share for the current year.

Hedge Funds Weigh In On XPLR Infrastructure

Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure during the second quarter worth about $25,000. Future Financial Wealth Managment LLC acquired a new stake in XPLR Infrastructure during the third quarter worth about $55,000. JPMorgan Chase & Co. acquired a new stake in XPLR Infrastructure during the second quarter worth about $55,000. CANADA LIFE ASSURANCE Co acquired a new stake in XPLR Infrastructure during the second quarter worth about $77,000. Finally, MAI Capital Management acquired a new stake in XPLR Infrastructure during the second quarter worth about $94,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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