Polaris Renewable Energy (PIF) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Polaris Renewable Energy in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PIF shares.
View PIF analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month price targets for Polaris Renewable Energy's shares. Their PIF share price forecasts range from C$20.00 to C$26.00. On average, they expect the company's stock price to reach C$23.00 in the next year. This suggests a possible upside of 69.7% from the stock's current price.
View analysts price targets for PIF or view top-rated stocks among Wall Street analysts.

Polaris Renewable Energy's stock was trading at C$14.07 on January 1st, 2023. Since then, PIF shares have decreased by 3.7% and is now trading at C$13.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PIF earnings forecast.

Polaris Renewable Energy Inc. (TSE:PIF) posted its quarterly earnings results on Thursday, August, 3rd. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.12. The firm had revenue of $27.96 million for the quarter, compared to analysts' expectations of $27.43 million. Polaris Renewable Energy had a net margin of 14.98% and a trailing twelve-month return on equity of 4.11%.

Polaris Renewable Energy declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Monday, August 14th will be paid a dividend of 0.15 per share on Friday, August 25th. This represents a $0.60 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, August 11th.
Read our dividend analysis for PIF.

Polaris Renewable Energy (TSE:PIF) pays an annual dividend of C$0.82 per share and currently has a dividend yield of 5.92%. PIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 118.84%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for PIF.

Based on aggregate information from My MarketBeat watchlists, some companies that other Polaris Renewable Energy investors own include Dream Global REIT (DRG.UN), American Hotel Income Properties REIT (HOT.UN), Pembina Pipeline (PPL), AltaGas (ALA), Enbridge (ENB), Brookfield Property Partners (BPY.UN), Medical Facilities (DR), NFI Group (NFI), Aurora Cannabis (ACB) and Automotive Properties Real Est Invt TR (APR.UN).

Polaris Renewable Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PIF."

Shares of PIF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of PIF stock can currently be purchased for approximately C$13.55.

Polaris Renewable Energy (TSE:PIF) has a market capitalization of C$284.96 million and generates C$72.28 million in revenue each year. The company earns C$10.83 million in net income (profit) each year or C$0.69 on an earnings per share basis.

The company employs 208 workers across the globe.

Polaris Renewable Energy's mailing address is 7 St. Thomas Street, Suite 606, Toronto, ON M5S 2B7, Canada, . The official website for the company is www.polarisinfrastructure.com. The company can be reached via phone at 416-849-2587.