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HomeBank CapitalHannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Downgraded by Bank

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) Downgraded by Bank

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, The Fly reports.

Several other research analysts have also weighed in on HASI. Robert W. Baird boosted their price target on Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Monday, February 22nd. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $74.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, March 8th. Morgan Stanley dropped their price objective on Hannon Armstrong Sustainable Infrastructure Capital from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, March 16th. BTIG Research upped their target price on Hannon Armstrong Sustainable Infrastructure Capital from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Finally, Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Hannon Armstrong Sustainable Infrastructure Capital currently has an average rating of “Buy” and a consensus price target of $56.89.

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NYSE HASI traded down $1.13 on Thursday, hitting $54.77. 2,210 shares of the stock were exchanged, compared to its average volume of 745,899. Hannon Armstrong Sustainable Infrastructure Capital has a 52-week low of $24.76 and a 52-week high of $72.42. The company’s 50-day moving average price is $54.83 and its two-hundred day moving average price is $56.21. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 7.86 and a beta of 1.84. The company has a debt-to-equity ratio of 1.99, a current ratio of 34.85 and a quick ratio of 34.85.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last issued its quarterly earnings results on Wednesday, February 17th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 58.73% and a return on equity of 9.07%. Equities analysts predict that Hannon Armstrong Sustainable Infrastructure Capital will post 1.28 EPS for the current fiscal year.

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