In the last trading session, 1.51 million Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) shares changed hands as the company’s beta touched 1.83. With the company’s per share price at $24.24 changed hands at $0.9 or 3.86% during last session, the market valuation stood at $2.70B. HASI’s last price was a discount, traded about -63.66% off its 52-week high of $39.67. The share price had its 52-week low at $13.22, which suggests the last value was 45.46% up since then. When we look at Hannon Armstrong Sustainable Infrastructure capital Inc’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 2.37 million.
Analysts gave the Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended HASI as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Hannon Armstrong Sustainable Infrastructure capital Inc’s EPS for the current quarter is expected to be $0.55.
Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) trade information
Instantly HASI was in green as seen at the end of in last trading. With action 22.42%, the performance over the past five days has been green. The jump to weekly highs of 24.52 on Monday, 11/20/23 added 3.86% to the stock’s daily price. The company’s shares are showing year-to-date downside of -16.36%, with the 5-day performance at 22.42% in the green. However, in the 30-day time frame, Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) is 39.39% up. Looking at the short shares, we see there were 16.74 million shares sold at short interest cover period of 6.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is $31.55, meaning bulls need an upside of 23.17% from its current market value. According to analyst projections, HASI’s forecast low is $23.00 with $48.00 as the target high. To hit the forecast high, the stock’s price needs a -98.02% plunge from its current level, while the stock would need to tank 5.12% for it to hit the projected low.
Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) estimates and forecasts
Data shows that the Hannon Armstrong Sustainable Infrastructure capital Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.48% over the past 6 months, a 8.65% in annual growth rate that is considerably higher than the industry average of -15.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Hannon Armstrong Sustainable Infrastructure capital Inc will rise 17.00%, while the growth in revenue is estimated to hit 11.30% for the next quarter. Year-over-year growth is forecast to reach 78.20% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $56.87 million. 3 analysts are of the opinion that Hannon Armstrong Sustainable Infrastructure capital Inc’s revenue for the quarter ending Mar 2024 will be $65.37 million. The company’s revenue for the corresponding quarters a year ago was $36.75 million and $43.11 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 54.70%. The estimates for the next quarter sales put growth at 51.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.61%. The 2023 estimates are for Hannon Armstrong Sustainable Infrastructure capital Inc earnings to increase by 7.54%, but the outlook for the next 5-year period is at 8.50% per year.
Hannon Armstrong Sustainable Infrastructure capital Inc is expected to release its next quarterly earnings report between February 14 and February 19. The 6.54% annual yield figure for the share gives it an annual dividend of 1.58. It is important to note, however, that the 6.54% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.98% of Hannon Armstrong Sustainable Infrastructure capital Inc shares while 85.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.85%. There are 85.13% institutions holding the Hannon Armstrong Sustainable Infrastructure capital Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.38% of the shares, roughly 10.06 million HASI shares worth $251.43 million.
Wellington Management Group, LLP holds the second largest percentage of outstanding shares, with 9.23% or 9.9 million shares worth $247.4 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 7.23 million shares estimated at $153.34 million under it, the former controlled 6.74% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.05% of the shares, roughly 3.27 million shares worth around $81.83 million.