There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Hannon Armstrong (HASI) and Equinix (EQIX) with bullish sentiments.
Hannon Armstrong (HASI)
In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Hannon Armstrong, with a price target of $30. The company’s shares closed yesterday at $26.51, close to its 52-week high of $27.22.
Kaye commented:
“HASI beat 1Q19 consensus adj. EPS by a penny and reiterated its multi-year growth outlook while highlighting the balance sheet portfolio’s diversity and the growth in recurring net income. Despite a challenging rate environment, HASI has increased its unlevered portfolio yield by 70bps over the past two years without increasing the on-balance sheet carrying amount. While 1Q originations leaned heavily towards securitizations, we anticipate a shift towards on-balance transactions in coming quarters geared to behind-the-meter assets (82% of 12-month pipeline). We raise our price target to $30 and maintain our Outperform rating.”
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 8.6% and a 59.4% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hannon Armstrong with a $28.10 average price target.
See today’s analyst top recommended stocks >>
Equinix (EQIX)
Oppenheimer analyst Timothy Horan maintained a Buy rating on Equinix today and set a price target of $500. The company’s shares closed yesterday at $450.01, close to its 52-week high of $467.99.
Horan commented:
“Organic revenue growth accelerated to 11% in 1Q19 from 9% in 2H18. EQIX saw strength in its international business, particularly in EMEA where cloud adoption is accelerating. In Americas, the key is moving past churn and returning to growth in the Verizon assets, which is happening. VZ assets are fully integrated and saw record gross bookings in 1Q19. AFFO/share was $5.95 vs. our $5.63 estimate, helped by strong margin improvement (adj. EBITDA margins up 130 bps sequentially). Management raised FY2019 guidance on both the top and bottom lines, increasing revenue by $25M and AFFO by $45M. Currency and rising interest rates remain a concern, but Hybrid Cloud Growth is accelerating. We are increasing our PT to $500 (from $475), based on 20x our 2020E AFFO/share.”
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.2% and a 77.0% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
Equinix has an analyst consensus of Strong Buy, with a price target consensus of $487.63, an 8.4% upside from current levels. In a report released today, MUFG Securities Americas Inc also reiterated a Buy rating on the stock with a $484 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
