Canadian Solar Cost Target Cut to $46.00 by Analysts at Citigroup
- Canadian Solar had its target cost stopped by Citigroup from $53.00 to $46.00 in a report provided on Tuesday, Benzinga reports.
The company presently has a "acquire" ranking on the solar energy provider's supply. Citigroup's price target shows a prospective benefit of 46.22% from the company's previous close.
Independently, Wells Fargo & Company began coverage on Canadian Solar in a research study note on Monday, November 22nd. They provided an "equal weight" score and also a $44.00 target cost on the stock. One expert has rated the supply with a sell score, three have provided a hold rating and 4 have actually appointed a buy rating to the company's supply. According to data from MarketBeat.com, Canadian Solar currently has an average ranking of "Hold" and also an average rate target of $48.75.
CSIQ traded up $1.28 throughout trading on Tuesday, reaching $31.46. The stock had a trading volume of 6,927 shares, compared to its ordinary volume of 1,193,152. The stock's 50 day relocating average is $37.05 and also its two-hundred day relocating average is $37.73. The company has a present ratio of 1.19, a fast ratio of 0.90 as well as a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 2.09 as well as a beta of 1.54. Canadian Solar has a one year low of $28.80 and a one year high of $67.39.
Canadian Solar last uploaded its quarterly profits data on Thursday, November 18th. The solar power supplier reported $0.42 revenues per share (EPS) for the quarter, topping experts' consensus price quotes of $0.18 by $0.24. Business had revenue of $1.23 billion throughout the quarter, contrasted to the agreement price quote of $1.34 billion. Canadian Solar had a return on equity of 3.55% and also an internet margin of 1.59%. The firm's quarterly income was up 34.4% compared to the exact same quarter in 2015. During the exact same quarter in the previous year, the company earned $0.15 revenues per share. On average, equities research analysts anticipate that Canadian Solar will certainly upload 1.27 earnings per share for the present year.
A number of hedge funds and various other institutional investors have actually recently added to or decreased their risks in the company. Invesco Ltd. expanded its stake in shares of Canadian Solar by 4.4% in the second quarter. Invesco Ltd. now possesses 3,087,304 shares of the solar energy company's supply worth $138,435,000 after acquiring an additional 131,021 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its setting in shares of Canadian Solar by 38.1% throughout the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now possesses 2,516,443 shares of the solar energy supplier's supply valued at $87,044,000 after acquiring an extra 693,810 shares during the last quarter. Mackenzie Financial Corp increased its placement in shares of Canadian Solar by 23.7% during the third quarter. Mackenzie Financial Corp currently possesses 2,060,008 shares of the solar energy provider's stock valued at $71,256,000 after purchasing an added 395,122 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Canadian Solar by 612.4% throughout the third quarter. Schroder Investment Management Group currently owns 1,923,447 shares of the solar energy supplier's stock valued at $66,532,000 after acquiring an added 1,653,447 shares throughout the last quarter. Ultimately, Vanguard Group Inc. increased its placement in shares of Canadian Solar by 1.8% throughout the second quarter. Vanguard Group Inc. currently possesses 1,641,021 shares of the solar power carrier's stock valued at $73,584,000 after getting an added 28,798 shares throughout the last quarter. 53.19% of the stock is currently had by hedge funds and also other institutional financiers.
