JP Morgan Now Covering Hannon Armstrong Sust. Infr (NYSE:HASI) With $23 Target

June 14, 2018 - By Kristen Paramore

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Logo

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.55, from 1.5 in 2017Q4. It dropped, as 15 investors sold Hannon Armstrong Sustainable Infrastructure Capital, Inc. shares while 49 reduced holdings. 14 funds opened positions while 47 raised stakes. 34.17 million shares or 0.29% less from 34.27 million shares in 2017Q4 were reported.

Moreover, Advantus Capital Mgmt has 0.03% invested in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI). 4.24M were accumulated by Price T Rowe Assocs Md. Ontario – Canada-based Agf Invs has invested 0.01% in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI). California State Teachers Retirement System holds 0% or 77,088 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) for 4,106 shares. Global X Comm Limited Liability holds 0.02% in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) or 50,154 shares. Assetmark Incorporated holds 0% or 109 shares. Metropolitan Life Company reported 16,133 shares or 0% of all its holdings. Essex Mgmt Limited Liability Com invested in 0.16% or 61,241 shares. Wells Fargo & Mn reported 266,121 shares. Parallax Volatility Advisers Lp accumulated 0% or 11,151 shares. Trust Communications Of Vermont stated it has 0% of its portfolio in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI). Athena Advisors Limited Liability Company invested in 65,989 shares or 0.32% of the stock. Tradewinds Cap Mngmt Limited Liability Com stated it has 19 shares. State Street holds 1.00M shares or 0% of its portfolio.

Since February 23, 2018, it had 9 insider purchases, and 0 sales for $713,338 activity. The insider Cirilli Mark bought $100,838. 5,000 shares valued at $91,400 were bought by OSGOOD STEVEN G on Monday, June 4.

Why Has JP Morgan Given Hannon Armstrong Sust. Infr (NYSE:HASI) a $23 Price Target

In an analyst note sent to clients and investors on Thursday morning, investment analysts at JP Morgan started coverage for Hannon Armstrong Sust. Infr (NYSE:HASI) shares. The firm has decided to set a Overweight rating along with a $23, adding 22.47 % to the target.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Ratings Coverage

Among 5 analysts covering Hannon Armstrong (NYSE:HASI), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hannon Armstrong has $27.0 highest and $21 lowest target. $24.80’s average target is 32.06% above currents $18.78 stock price. Hannon Armstrong had 6 analyst reports since December 22, 2017 according to SRatingsIntel. The stock of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) earned “Outperform” rating by Robert W. Baird on Thursday, February 22. The stock has “Buy” rating by FBR Capital on Thursday, February 22. On Thursday, February 22 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Buy” rating given on Thursday, February 22 by Roth Capital.

The stock increased 3.13% or $0.57 during the last trading session, reaching $18.78. About 675,991 shares traded or 109.50% up from the average. Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has declined 17.49% since June 14, 2017 and is downtrending. It has underperformed by 30.06% the S&P500.

Analysts await Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to report earnings on August, 1. They expect $0.25 EPS, down 10.71 % or $0.03 from last year’s $0.28 per share. HASI’s profit will be $13.03 million for 18.78 P/E if the $0.25 EPS becomes a reality. After $0.24 actual EPS reported by Hannon Armstrong Sustainable Infrastructure Capital, Inc. for the previous quarter, Wall Street now forecasts 4.17 % EPS growth.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides a range of debt and equity investments to the energy efficiency and renewable energy markets in the United States. The company has market cap of $978.59 million. The companyÂ’s projects include energy efficiency projects that reduce a buildingÂ’s or facilityÂ’s energy usage or cost through enhancing or installing various building components, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems. It has a 47.07 P/E ratio. The Company’s projects also comprise renewable energy projects, which deploy cleaner energy sources, such as solar and wind to generate power production.

More recent Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) news were published by: Nasdaq.com which released: “3 Stocks That Pay You” on June 06, 2018. Also Prnewswire.com published the news titled: “Hannon Armstrong Announces $0.33 per Share Quarterly Dividend” on May 31, 2018. Seekingalpha.com‘s news article titled: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” with publication date: June 01, 2018 was also an interesting one.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Institutional Positions Chart

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