Ormat Technologies, Inc. (ORA) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Ormat Technologies, Inc. (NYSE:ORA) have received an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $70.17.
Several research analysts have recently weighed in on ORA shares. Zacks Investment Research lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Guggenheim started coverage on shares of Ormat Technologies in a report on Monday, January 8th. They set a “buy” rating and a $72.00 price objective on the stock. Roth Capital set a $70.00 price objective on shares of Ormat Technologies and gave the stock a “buy” rating in a report on Monday, November 13th. TheStreet upgraded shares of Ormat Technologies from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ormat Technologies from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th.
Shares of Ormat Technologies (ORA) traded down $0.23 during mid-day trading on Tuesday, hitting $64.25. 181,744 shares of the stock traded hands, compared to its average volume of 196,239. The stock has a market cap of $3,250.00, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.91 and a beta of 1.22. Ormat Technologies has a 1-year low of $54.75 and a 1-year high of $70.68. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.72.
Ormat Technologies Company Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
Receive News & Ratings for Ormat Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies and related companies with MarketBeat.com's FREE daily email newsletter.