RBC Capital analyst Elvira Scotto maintained a Buy rating on Azure Power Global (NYSE:AZRE) on Wednesday, setting a price target of $42, which is approximately 82.61% above the present share price of $23.
Scotto expects Azure Power Global to post earnings per share (EPS) of -$22.54 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Azure Power Global, with an average price target of $39.5.
The analysts price targets range from a high of $42 to a low of $37.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.52 billion and a net profit of $767 million. The company's market cap is $1.1 billion.
According to TipRanks.com, RBC Capital analyst Elvira Scotto is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.2% and a 64.23% 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.