Sunrun (RUN) Given a $10.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $10.00 price objective on Sunrun (NASDAQ:RUN) in a report released on Monday morning. The brokerage currently has a buy rating on the energy company’s stock.

Several other equities research analysts also recently commented on RUN. BidaskClub downgraded shares of Sunrun from a hold rating to a sell rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Sunrun from a hold rating to a sell rating in a report on Tuesday, October 10th. Bank of America initiated coverage on shares of Sunrun in a report on Monday, November 6th. They issued a buy rating on the stock. Finally, Oppenheimer reissued a buy rating and issued a $10.00 price target on shares of Sunrun in a report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $8.21.

Shares of Sunrun (NASDAQ:RUN) opened at $6.39 on Monday. The company has a market cap of $682.37 and a PE ratio of 7.26. Sunrun has a fifty-two week low of $4.21 and a fifty-two week high of $7.78. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89.

Sunrun (NASDAQ:RUN) last released its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The business had revenue of $141.29 million for the quarter, compared to the consensus estimate of $146.56 million. Sunrun had a net margin of 18.79% and a return on equity of 9.25%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. equities research analysts anticipate that Sunrun will post 0.95 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. purchased a new stake in Sunrun in the second quarter valued at approximately $112,000. Russell Investments Group Ltd. purchased a new stake in Sunrun in the third quarter valued at approximately $123,000. Citigroup Inc. raised its stake in Sunrun by 760.3% in the second quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock valued at $133,000 after purchasing an additional 16,507 shares in the last quarter. Legal & General Group Plc raised its stake in Sunrun by 16.3% in the second quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock valued at $141,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in Sunrun by 30.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock valued at $159,000 after purchasing an additional 5,134 shares in the last quarter. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/01/25/sunrun-run-given-a-10-00-price-target-by-deutsche-bank-analysts.html.

Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

Analyst Recommendations for Sunrun (NASDAQ:RUN)

Receive News & Ratings for Sunrun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunrun and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit