Canadian Photo voltaic (NASDAQ:CSIQ – Get Ranking) had its goal worth lowered by inventory analysts at Wells Fargo & Firm from $38.00 to $33.00 in a analysis report issued to shoppers and buyers on Friday, Benzinga stories. The brokerage presently has an “equal weight” ranking on the photo voltaic power supplier’s inventory. Wells Fargo & Firm’s goal worth would point out a possible upside of three.87% from the inventory’s present worth.
CSIQ has been the topic of many different stories. JPMorgan Chase & Co. lower. lifted their worth goal on Canadian Photo voltaic from $48.00 to $42.00 and set a “impartial” ranking for the corporate in a analysis observe on Thursday, October twentieth. StockNews.com assumed protection on Canadian Photo voltaic in a report on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. Lastly, Roth Capital restated a “purchase” ranking on shares of Canadian Photo voltaic in a report on Wednesday, November 23. One equities analysis analyst has rated the inventory with a promote ranking, three have given -issued a maintain ranking and two issued a purchase ranking on the corporate’s inventory. In keeping with information from MarketBeat.com, the inventory at present has a consensus ranking of “Maintain” and a consensus worth goal of $39.50.
Canadian Photo voltaic Buying and selling Down 1.3%
CSIQ inventory opened at $31.77 on Friday. The corporate has a fast ratio of 0.84, a present ratio of 1.17 and a debt-to-equity ratio of 0.55. Canadian Photo voltaic has a 52-week low of $22.15 and a 52-week excessive of $47.69. The corporate’s 50-day easy transferring common is $33.91 and its 200-day easy transferring common is $35.47. The corporate has a market cap of $2.04 billion, a P/E ratio of 11.68 and a beta of 1.31.
Canadian Photo voltaic (NASDAQ:CSIQ – Get Ranking) final introduced its earnings outcomes on Tuesday, November twenty second. The photo voltaic power supplier reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.54. The corporate had income of $1.93 billion for the quarter, in comparison with analyst estimates of $2.07 billion. Canadian Photo voltaic has a return on fairness of 8.12% and a web margin of two.68%. Enterprise income elevated 57.2% on a year-over-year foundation. In the identical quarter final 12 months, the corporate posted $0.42 EPS. As a gaggle, equities analysts predict that Canadian Photo voltaic will submit 2.59 EPS for the present fiscal 12 months.
Hedge Fund Weighs in on Canadian Photo voltaic
A variety of institutional buyers have lately purchased and offered shares of CSIQ. Mackenzie Monetary Corp boosted its stake in shares of Canadian Photo voltaic by 4.8% within the 2nd quarter. Mackenzie Monetary Corp now owns 2,727,658 shares of the photo voltaic power supplier’s inventory value $84,939,000 after shopping for a further 125,000 shares through the interval. Handelsbanken Fonder AB boosted its stake in shares of 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 value $72,003,000 after buying a further 723,055 shares through the interval. Raised by Vanguard Group Inc. their stake in shares of Canadian Photo voltaic by 3.5% within the third quarter. Vanguard Group Inc. now owns 1,912,078 shares of the photo voltaic power supplier’s inventory value $71,224,000 after shopping for a further 65,171 shares through the interval. Guinness Asset Administration LTD boosted its stake in shares of 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 value $32,694,000 after buying a further 54,236 shares through the interval. Lastly, Millennium Administration LLC boosted its stake in shares of Canadian Photo voltaic by 82.0% within the 2nd quarter. Millennium Administration LLC now owns 399,129 shares of the photo voltaic power supplier’s inventory value $12,429,000 after shopping for a further 179,770 shares through the interval. 47.95% of the inventory is owned by institutional buyers and hedge funds.
Canadian Photo voltaic Firm Profile
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 Vitality.
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