FY2018 EPS Estimates for Innergex Renewable Energy Inc (INE) Reduced by National Bank Financial

Innergex Renewable Energy Inc (TSE:INE) – Stock analysts at National Bank Financial decreased their FY2018 EPS estimates for shares of Innergex Renewable Energy in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.56 per share for the year, down from their previous forecast of $0.63.

Several other equities analysts also recently issued reports on the company. AltaCorp Capital reiterated a “sector perform” rating on shares of Innergex Renewable Energy in a research report on Thursday, January 19th. Raymond James Financial, Inc. downgraded Innergex Renewable Energy from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 20th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Innergex Renewable Energy in a research report on Friday, February 24th. CIBC lifted their price objective on Innergex Renewable Energy from C$15.50 to C$16.50 in a research report on Thursday, February 9th. Finally, Desjardins lifted their price objective on Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$16.86.

Earnings History and Estimates for Innergex Renewable Energy (TSE:INE)

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Shares of Innergex Renewable Energy (TSE:INE) traded down 1.12% on Monday, hitting $14.13. The stock had a trading volume of 294,194 shares. The company has a market cap of $1.53 billion and a price-to-earnings ratio of 50.46. Innergex Renewable Energy has a 52 week low of $12.43 and a 52 week high of $15.80. The firm has a 50 day moving average price of $14.28 and a 200-day moving average price of $14.07.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

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