Analyst Ratings for Atlantica Yield PLC (ABY)

Updated: 2017-07-27

An average rating of Overweight has been given to Atlantica Yield PLC (NASDAQ:ABY) by analysts covering the stock. A consensus rating of Overweight was previously issued for ABY last month.

Of the 4 analysts covering the stock, 2 gave it a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for ABY by the analysts covering the stock. The most optimistic analyst gave a price target of 23, which equates to a potential upside of 10.74 percent. The minimum price target given was 22, implying a possible loss of 5.92 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 20.2 percent. That number becomes -7.18 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 14.27 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -9.73 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

ABY has an estimated earnings growth rate of 550.87 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ABY is 0.4.

ABY has traded between a high of 22.87 and a low of 16.55 over the past year. Today's price is 25.5 percent above the 52-week low, and 9.18 percent lower than its 52-week high. ABY has a P/E ratio of 218.17. Investors typically compare the P/E ratio to a company's peers in the industry. The ABY value stock report compares ABY to some of its peers using value stock charts. The stock has a market capitalization of $2.08 billion. ABY's next earnings release will be on 0000-00-00, which is days away.