Ormat Technologies (ORA) PT Set at $67.00 by Cowen
Ormat Technologies (NYSE:ORA) has been assigned a $67.00 price target by research analysts at Cowen in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the energy company’s stock. Cowen’s price target points to a potential upside of 18.17% from the stock’s current price.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Ormat Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Guggenheim initiated coverage on Ormat Technologies in a report on Monday, January 8th. They set a “buy” rating and a $72.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Ormat Technologies from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Roth Capital set a $70.00 target price on Ormat Technologies and gave the company a “buy” rating in a report on Monday, November 13th. Finally, TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ormat Technologies presently has a consensus rating of “Buy” and an average target price of $69.57.
Ormat Technologies (ORA) opened at $56.70 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $3,166.37, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. Ormat Technologies has a twelve month low of $55.01 and a twelve month high of $70.68.
COPYRIGHT VIOLATION WARNING: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/ormat-technologies-ora-pt-set-at-67-00-by-cowen/1903329.html.
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.