Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI)’s stock price has surge by 1.98relation to previous closing price of 32.31. Nevertheless, the company has seen a 2.08% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-05-20 that ANNAPOLIS, Md.–(BUSINESS WIRE)–Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “we,” “our” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced it secured an investment grade rating of BBB- from Fitch Ratings (“Fitch”), a globally recognized leader in credit ratings and research. This marks HASI’s second investment grade rating from a major credit rating agency. The Company has maintained an investment grade credit rating of Baa3 from Moo.
Is It Worth Investing in Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) Right Now?
Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) has a higher price-to-earnings ratio of 16.02x compared to its average ratio, The 36-month beta value for HASI is at 1.97. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for HASI is 111.36M, and currently, shorts hold a 13.66% of that float. The average trading volume for HASI on May 22, 2024 was 984.17K shares.
HASI’s Market Performance
The stock of Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) has seen a 2.08% increase in the past week, with a 28.61% rise in the past month, and a 30.08% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 4.24% for HASI. The simple moving average for the last 20 days is 14.66% for HASI stock, with a simple moving average of 37.24% for the last 200 days.
Analysts’ Opinion of HASI
Many brokerage firms have already submitted their reports for HASI stocks, with Goldman repeating the rating for HASI by listing it as a “Neutral.” The predicted price for HASI in the upcoming period, according to Goldman is $26 based on the research report published on November 28, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see HASI reach a price target of $30. The rating they have provided for HASI stocks is “Buy” according to the report published on November 21st, 2023.
Exane BNP Paribas gave a rating of “Outperform” to HASI, setting the target price at $29 in the report published on October 20th of the previous year.
HASI Trading at 21.14% from the 50-Day Moving Average
After a stumble in the market that brought HASI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.15% of gains for the given period.
Volatility was left at 4.24%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +26.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.52% upper at present.
During the last 5 trading sessions, HASI rose by +1.49%, which changed the moving average for the period of 200-days by +50.90% in comparison to the 20-day moving average, which settled at $29.08. In addition, Hannon Armstrong Sustainable Infrastructure capital Inc saw 19.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HASI starting from Armbrister Clarence D, who purchase 420 shares at the price of $23.99 back on Nov 20 ’23. After this action, Armbrister Clarence D now owns 420 shares of Hannon Armstrong Sustainable Infrastructure capital Inc, valued at $10,076 using the latest closing price.
Pangburn Marc T., the Chief Financial Officer of Hannon Armstrong Sustainable Infrastructure capital Inc, purchase 5,000 shares at $21.09 during a trade that took place back on Aug 21 ’23, which means that Pangburn Marc T. is holding 53,291 shares at $105,450 based on the most recent closing price.
Stock Fundamentals for HASI
Current profitability levels for the company are sitting at:
- 0.81 for the present operating margin
- 0.85 for the gross margin
The net margin for Hannon Armstrong Sustainable Infrastructure capital Inc stands at 0.78. The total capital return value is set at 0.04. Equity return is now at value 12.84, with 4.15 for asset returns.
Based on Hannon Armstrong Sustainable Infrastructure capital Inc (HASI), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.93. The interest coverage ratio of the stock is 1.32.
Currently, EBITDA for the company is 224.24 million with net debt to EBITDA at 14.22. When we switch over and look at the enterprise to sales, we see a ratio of 25.0. The receivables turnover for the company is 0.1for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
