A number of other equities analysts also recently issued reports on CSIQ. FBR & Co reissued a neutral rating and issued a $15.00 price target (up from $13.00) on shares of Canadian Solar in a research note on Tuesday, August 15th. BidaskClub downgraded shares of Canadian Solar from a buy rating to a hold rating in a research note on Saturday, August 19th. Barclays downgraded shares of Canadian Solar from an equal weight rating to an underweight rating and increased their price target for the stock from $12.00 to $14.00 in a research note on Monday, August 21st. Axiom Securities reissued a buy rating on shares of Canadian Solar in a research note on Saturday, August 26th. Finally, Zacks Investment Research downgraded shares of Canadian Solar from a strong-buy rating to a hold rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Solar has an average rating of Hold and an average target price of $19.61.
Canadian Solar (CSIQ) opened at $17.79 on Monday. The company has a market cap of $1,000.55, a PE ratio of 82.14, a PEG ratio of 0.68 and a beta of 3.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.88 and a current ratio of 0.95. Canadian Solar has a one year low of $10.86 and a one year high of $19.09.
Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Thursday, November 9th. The solar energy provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Canadian Solar had a net margin of 0.84% and a return on equity of 1.32%. The firm had revenue of $912.20 million during the quarter, compared to the consensus estimate of $812.37 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. sell-side analysts predict that Canadian Solar will post 0.97 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in CSIQ. Global X Management Co. LLC grew its holdings in Canadian Solar by 67.7% in the second quarter. Global X Management Co. LLC now owns 37,481 shares of the solar energy provider’s stock worth $597,000 after purchasing an additional 15,136 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Canadian Solar by 83.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 49,323 shares of the solar energy provider’s stock worth $786,000 after purchasing an additional 22,399 shares during the period. First Trust Advisors LP grew its holdings in Canadian Solar by 16.6% in the second quarter. First Trust Advisors LP now owns 60,070 shares of the solar energy provider’s stock worth $956,000 after purchasing an additional 8,567 shares during the period. Legal & General Group Plc grew its holdings in Canadian Solar by 111.1% in the second quarter. Legal & General Group Plc now owns 7,789 shares of the solar energy provider’s stock worth $124,000 after purchasing an additional 4,100 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Canadian Solar by 11.3% during the second quarter. BNP Paribas Arbitrage SA now owns 44,307 shares of the solar energy provider’s stock valued at $705,000 after buying an additional 4,515 shares during the last quarter. Institutional investors and hedge funds own 42.52% of the company’s stock.
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Canadian Solar Company Profile
Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.
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