Barclays (LON:BARC) analyst Moses Sutton maintained a Buy rating on Azure Power Global (NYSE:AZRE) on Thursday, setting a price target of $35, which is approximately 25.00% above the present share price of $28.
Sutton expects Azure Power Global to post earnings per share (EPS) of $0.82 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Azure Power Global, with an average price target of $33.
The analysts price targets range from a high of $38 to a low of $27.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.94 billion and a net profit of $2.54 billion. The company's market cap is $1.34 billion.
According to TipRanks.com, Barclays analyst Moses Sutton is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.7% and a 70.21% success rate.
Azure Power Global Ltd . is a holding company, which engages in the development, production, and sale of solar energy. It offers services to government utilities; and independent industrial and commercial customers. The company was founded by Harkanwal Singh Wadhwa and Inderpreet Singh Wadhwa in 2008 and is headquartered in New Delhi, India.