The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.
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When it comes to the Analysis of a Stock, Price Target plays a vital role.
For the full year, Canadian Solar maintained its revenue outlook of $3.0 billion to 3.2 billion. The Company has 52-week high of $29.83 and 52-week low of $12.12. The stock is now trading at Distance from 20-Day Simple Moving Average of 15.86% while its Distance from 50-Day Simple Moving Average is 30.5 Percent.
Shares of Canadian Solar (CSIQ) were slumping in late-morning trading on Friday as Cowen cut its rating on the stock to “market perform” from “outperform”, the Fly reports.
CSIQ stock was up 19% as of Noon Thursday.
The downgrade comes although the Canadian solar power company posted stronger-than-expected results for the 2016 second quarter this week.
According to the Last Earnings Report, Oclaro, Inc. reported Actual EPS of $0.11/Share whereas, the Analyst Estimated EPS was $0.06/share.
The company shipped 1,290 MW of solar photovoltaic (PV) modules recognized in revenue, compared to 1,172 MW recognized in revenue in the first quarter of 2016, and second quarter guidance in the range of 1,200 MW to 1,250 MW.
Net revenue from the total solutions business as a percentage of total net revenue was 8.5%, contrast to 6.3% in the first quarter of 2016. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Quantitative Systematic Strategies LLC now owns 25,421 shares of the company’s stock worth $378,000 after buying an additional 5,435 shares in the last quarter. Tairen Capital Ltd bought a new stake in Canadian Solar during the second quarter worth approximately $191,000. Finally, DnB Asset Management AS raised its position in Canadian Solar by 18.8% in the first quarter. Palo Capital Inc. bought a new stake in Canadian Solar during the second quarter worth approximately $374,000. Of the 2, 0 have a Strong Buy rating and 0 are rating it a Buy. The stock’s Dividend stands at 0 and Dividend Yield stands at 0 Percent. However, citing tornado damage to its Funing County JV solar cell factory, the company was forced to revise its planned manufacturing capacity expansion plans for the third time this year. 1 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.
Despite a weakening solar market, Canadian Solar Inc. They also projected Low Price Target as $7.5 while High Price Target is set at $9.
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08/19/2016 – Canadian Solar Inc. had its “buy” rating reiterated by analysts at Canaccord Genuity. Canadian Solar presently has an average rating of “Buy” and a consensus price target of $23.27.
