1 week Ago By ABMN Staff
Nextracker Inc. ( NASDAQ:NXT – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are currently covering the stock, Marketbeat.com reports.
Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $57.91.
NXT has been the subject of several recent research reports. Barclays cut their price target on Nextracker from $63.00 to $61.
00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Fox Advisors upgraded Nextracker from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research report on Wednesday, May 15th.
Wells Fargo & Company lowered their price objective on Nextracker from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th.
Bank of America boosted their price objective on Nextracker from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th.
Finally, JPMorgan Chase & Co. lowered their price objective on Nextracker from $65.00 to $62.
00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. View Our Latest Stock Report on NXT Institutional Investors Weigh In On Nextracker Nextracker Stock Performance NASDAQ:NXT opened at $34.60 on Friday.
The stock has a 50-day simple moving average of $43.43 and a two-hundred day simple moving average of $49.26.
Nextracker has a 52-week low of $32.14 and a 52-week high of $62.31.
The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.91 and a current ratio of 2.
11. The firm has a market capitalization of $5.02 billion, a PE ratio of 10.
30, a P/E/G ratio of 5.87 and a beta of 2.47.
Nextracker ( NASDAQ:NXT – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
66 by $0.27. Nextracker had a negative return on equity of 36.
33% and a net margin of 14.87%. The business had revenue of $719.
92 million during the quarter, compared to analyst estimates of $616.71 million. During the same quarter in the previous year, the company posted $0.
48 earnings per share. Nextracker’s revenue for the quarter was up 50.1% on a year-over-year basis.
Analysts forecast that Nextracker will post 2.57 EPS for the current year. Nextracker Company Profile ( Get Free Report Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally.
The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. Further Reading Receive News & Ratings for Nextracker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextracker and related companies with MarketBeat.com's FREE daily email newsletter .
.
