Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. lowered its place in shares of Canadian Photo voltaic Inc. (NASDAQ:CSIQ – Get Score) by 16.0% within the third quarter, in keeping with its most up-to-date submitting with the Securities & Change Fee. The fund owned 21,374 shares of the photo voltaic power supplier’s inventory after promoting 4,072 shares in the course of the quarter. The belongings of Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. in Canadian Photo voltaic had been price $796,000 as of its most up-to-date submitting with the Securities & Change Fee.
A variety of hedge funds and different institutional buyers have additionally lately added to or lowered their stakes within the firm. SG Americas Securities LLC raised its holdings in Canadian Photo voltaic by 162.8% within the third quarter. SG Americas Securities LLC now owns 23,927 shares of the photo voltaic power supplier’s inventory price $891,000 after buying a further 14,822 shares over the last quarter. Handelsbanken Fonder AB lifted its holdings in Canadian Photo voltaic by 59.8% within the third quarter. Handelsbanken Fonder AB now owns 1,932,960 shares of the photo voltaic power supplier’s inventory price $72,003,000 after shopping for a further 723,055 shares over the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a brand new place in Canadian Photo voltaic within the third quarter price $229,000. Eqis Capital Administration Inc. purchased a brand new place in Canadian Photo voltaic within the third quarter price $1,233,000. Lastly, Guinness Asset Administration LTD raised its holdings in Canadian Photo voltaic by 6.6% within the third quarter. Guinness Asset Administration LTD now owns 877,696 shares of the photo voltaic power supplier’s inventory valued at $32,694,000 after buying a further 54,236 shares within the final quarter. 47.95% of the inventory is presently owned by institutional buyers.
Canadian Photo voltaic Inventory Efficiency
Shares of CSIQ inventory opened at $41.89 on Friday. Canadian Photo voltaic Inc. has a one 12 months low of $22.15 and a one 12 months excessive of $47.69. The corporate’s 50-day transferring common is $35.50 and its 200-day transferring common is $36.26. The corporate has a market capitalization of $2.69 billion, a price-to-earnings ratio of 15.40 and a beta of 1.31. The corporate has a debt-to-equity ratio of 0.55, a fast ratio of 0.84 and a present ratio of 1.17.
Canadian Photo voltaic (NASDAQ:CSIQ – Get Score) final introduced its quarterly earnings knowledge on Tuesday, November twenty second. The photo voltaic power supplier reported $1.12 EPS for the quarter, beating the consensus estimate of $0.58 by $0.54. The corporate had income of $1.93 billion for the quarter, in comparison with the consensus estimate of $2.07 billion. Canadian Photo voltaic has a internet margin of two.68% and a return on fairness of 8.12%. Canadian Photo voltaic’s income for the quarter was up 57.2% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate posted $0.42 EPS. Promote-side analysts count on Canadian Photo voltaic Inc. will submit 2.59 EPS for the present fiscal 12 months.
Analyst Upgrades and Downgrades
A variety of analysis analysts have lately issued experiences on the inventory. Roth Capital reiterated a “purchase” ranking on shares of Canadian Photo voltaic in a analysis notice on Wednesday, November 23. Wells Fargo & Firm dropped their value goal on shares of Canadian Photo voltaic from $38.00 to $33.00 and set an “equal weight” ranking for the corporate in a analysis notice on Friday, January sixth. Downgraded by JPMorgan Chase & Co. lifted their value goal on shares of Canadian Photo voltaic from $48.00 to $42.00 and set a “impartial” ranking for the corporate in a analysis notice on Thursday, October twentieth. Lastly, StockNews.com assumed protection on shares of Canadian Photo voltaic in a analysis notice on Wednesday, October twelfth. They issued a “maintain” ranking for the corporate. One analysis analyst has rated the inventory with a promote ranking, three have assigned a maintain ranking and two have assigned a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a median value goal of $39.50.
About Canadian Photo voltaic
Canadian Photo voltaic Inc, along with its subsidiaries, designs, develops, manufactures, and sells photo voltaic ingots, wafers, cells, modules, and different solar energy and battery storage merchandise in Asia, America, Europe, and worldwide. The corporate operates by means of two segments, Canadian Photo voltaic Inc (CSI) Photo voltaic and World Power.
These instantaneous alerts are powered by narrative science expertise and monetary knowledge from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group earlier than publication. Please ship any questions or feedback about this story to email@example.com.
Earlier than you contemplate Canadian Photo voltaic, you will need to hear this.
MarketBeat tracks the top-rated and greatest Wall Road analysis analysts and the shares they advocate to their shoppers day-after-day. MarketBeat has recognized 5 shares that high analysts are quietly whispering to their shoppers to purchase right now earlier than the broader market catches on … and Canadian Photo voltaic is not on the listing.
Whereas Canadian Photo voltaic presently has a “Maintain” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
Test Out 5 Shares Right here