Canadian Solar Inc. (NASDAQ:CSIQ – Get Free Report) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.00.
A number of equities research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Canadian Solar from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Daiwa Capital Markets assumed coverage on shares of Canadian Solar in a research note on Monday, March 11th. They issued a “neutral” rating and a $21.00 price target on the stock. StockNews.com raised shares of Canadian Solar from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Roth Mkm reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Canadian Solar in a research report on Wednesday, May 22nd. Finally, Citigroup reduced their target price on shares of Canadian Solar from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, March 15th.
View Our Latest Research Report on Canadian Solar
Hedge Funds Weigh In On Canadian Solar
Canadian Solar Stock Performance
Shares of NASDAQ:CSIQ opened at $18.20 on Monday. The firm’s 50 day simple moving average is $17.08 and its 200 day simple moving average is $20.46. Canadian Solar has a fifty-two week low of $14.11 and a fifty-two week high of $45.29. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 0.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.79.
Canadian Solar (NASDAQ:CSIQ – Get Free Report) last posted its earnings results on Thursday, May 9th. The solar energy provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.20. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. Canadian Solar had a net margin of 2.80% and a return on equity of 5.61%. The business’s revenue for the quarter was down 21.1% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. As a group, sell-side analysts forecast that Canadian Solar will post 2.1 earnings per share for the current year.
Canadian Solar Company Profile
Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.
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