Oppenheimer Maintains a Buy Rating on Hannon Armstrong (HASI)


In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Hannon Armstrong (NYSE: HASI). The company’s shares opened today at $19.72.

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 6.2% and a 56.7% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, BorgWarner, and Cummins.

Currently, the analyst consensus on Hannon Armstrong is a Strong Buy with an average price target of $24.50, which is a 24.2% upside from current levels. In a report issued on August 3, B.Riley FBR also assigned a Buy rating to the stock with a $26 price target.

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Hannon Armstrong’s market cap is currently $1.04B and has a P/E ratio of 45.35. The company has a Price to Book ratio of 1.62.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HASI in relation to earlier this year.

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.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. engages in the provision of capital and services focuses on reducing climate changing greenhouse gas emissions. It involves in the energy efficiency, renewable energy, and other sustainable infrastructure markets. The company was founded on November 7, 2012 and is headquartered in Annapolis, MD.

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