Credit Suisse (SIX:CSGN) analyst Maheep Mandloi maintained a Buy rating on Azure Power Global (NYSE:AZRE) on Sunday, setting a price target of $23, which is approximately 5.75% above the present share price of $21.75.
Mandloi expects Azure Power Global to post earnings per share (EPS) of -$7.73 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Azure Power Global, with an average price target of $24.
The analysts price targets range from a high of $28 to a low of $18.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $3.67 billion and a net profit of $1.8 billion. The company's market cap is $1.04 billion.
According to TipRanks.com, Credit Suisse analyst Maheep Mandloi is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.8% and a 63.64% 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.