Todays Report: Today, AltaCorp Capital Reaffirmed Outperform Rating for Polaris Infrastructure Inc (PIF)

Today, AltaCorp Capital Reaffirmed Outperform Rating for Polaris Infrastructure Inc (PIF)

Polaris Infrastructure Inc (TSE:PIF)‘s stock had its “outperform” rating reiterated by stock analysts at AltaCorp Capital in a note issued to investors on Wednesday.

PIF has been the subject of a number of other research reports. Canaccord Genuity raised their price target on shares of Polaris Infrastructure from C$12.00 to C$18.50 in a report on Friday, August 26th. Mackie raised their price target on shares of Polaris Infrastructure from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, August 26th.

Shares of Polaris Infrastructure (TSE:PIF) traded down 1.27% on Wednesday, reaching $16.36. 4,700 shares of the company traded hands. The stock’s market capitalization is $256.38 million. Polaris Infrastructure has a 1-year low of $6.44 and a 1-year high of $18.59. The company has a 50-day moving average of $16.50 and a 200-day moving average of $12.32.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 24th. Shareholders of record on Thursday, November 24th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 16th. This is an increase from Polaris Infrastructure’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 2.69%.

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