The stock of Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE:HASI) increased by $0.58 on Tuesday to $23.70, up 2.51 percent. The last five days have seen an average of 1,428,722 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$5.35. The average number of shares traded over the last 20 days was 1,231,891, while the average volume over the last 50 days totaled 1,034,492.
HASI stock dropped -14.19% since last month. On 08/08/23, the company’s shares reached a one-month low of $21.31. The stock touched a high of $43.73 on 02/02/23, after rallying from a low of $21.31 in 52 weeks. The price of HASI stock has declined by -18.22% or -$5.35 this year, reaching a new high 11 times. Still, the stock price is down -45.81% from the 52-week high.
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Insider Transactions
HASI stock investors should be aware that Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) stock had its last reported insider trading activity 152 days ago on Mar 16. On Mar 16, EVP & CIO Rose Nathaniel acquired 10,000 shares at $24.10 each. This transaction resulted in the insider spending $241,000. On Mar 16, Lipson Jeffrey added 3,000 shares at a price of US$24.36. After the transaction, the insider now owns 32,925 shares. Chief Financial Officer Pangburn Marc T. had earlier bought 3,000 shares on Mar 16 for $24.12 a share. The transaction was completed for $72,360.
Valuation Metrics
Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) has a trailing price-to-earnings (P/E) ratio of 43.09. Beta for the stock is 1.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.49, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 28.19.
Company paid $0.3950 per share in dividends, remained unchanged from $0.3950 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.68, and the total debt to equity ratio is 1.68. As far as profitability goes, gross margin for the trailing twelve months is 47.60% percent. Hannon Armstrong Sustainable Infrastructure Capital Inc.’s operating margin stood at 20.60% for the same period. Based on annual data, it had gross profit of $133.56 million and revenue of $239.74 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HASI’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 0.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.00%.
Earnings Surprise
According to Hannon Armstrong Sustainable Infrastructure Capital Inc.’s quarterly financial report for the quarter that ended June 29, it had $764.95 million in total debt versus $10.21 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $74.33 million, while revenues rose by 34.24% to $62.8 million. It was predicted that Hannon Armstrong Sustainable Infrastructure Capital Inc.’s quarterly earnings would be $0.53, but it ended up being $0.53. EBITDA was $53.58 million for the quarter. At the end of Hannon Armstrong Sustainable Infrastructure Capital Inc.’s most recent quarter ended June 29, its total debt was $3.27 billion. Equity owned by shareholders amounts to $107.27 million.
Technical Picture
Here’s a quick look at Hannon Armstrong Sustainable Infrastructure Capital Inc.’s (HASI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 44.37%, suggesting the stock is Neutral, with a 70.36% historical volatility rate.
The stochastic %K and %D were 34.49% and 29.75% respectively, while the average true range (ATR) was 1.10. Based on the 14-day stochastic reading of 39.86%, the RSI (14) reading is 43.56%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at -0.51.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) an Overweight rating. HASI is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is HASI’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $50.00, with a median target price of $44.00. In analyzing these forecasts, the average price target given by analysts for Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) is $42.14.
