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Canadian Photo voltaic Inc. (NASDAQ: CSIQ) contemplating the typical purchase advice from brokers

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According to reports from Marketbeat Ratings, shares in Canadian Solar Inc. (NASDAQ: CSIQ) have received an average rating of “Buy” from the nine brokers currently covering the company. An investment analyst rated the stock with a sell recommendation, two with a hold recommendation and six with a buy recommendation. The average twelve-month target price among analysts who updated their coverage of the stock over the past year is $ 49.56.

Several equity analysts recently commented on CSIQ stocks. Oppenheimer raised his target price for Canadian Solar from USD 33.00 to USD 48.00 and rated the stock as “Outperform” in a report on Friday, November 20. The Smith Barney Citigroup initiated reporting on Canadian Solar in a research note on Friday, January 8th. They set a Buy recommendation and a target price of $ 71.00 for the company. Roth Capital raised its target price for Canadian Solar from USD 32.00 to USD 50.00 and gave the company a “Buy” rating in a research note on Friday, November 20. Citigroup Inc. 3% Minimum Coupon Principal Protected Based on Russell initiated coverage of Canadian Solar in a research note on Friday, January 8th. They set a Buy recommendation and a target price of $ 71.00 for the company. Finally, JPMorgan Chase & Co. raised its target price for Canadian Solar from USD 50.00 to USD 54.00 and gave the company a “neutral” rating in a research note on Wednesday, January 20th.

Several major investors recently changed their positions in CSIQ. Zürcher Kantonalbank Zürcher Kantonalbank increased its stake in Canadian Solar by 305.5% in the fourth quarter. Zürcher Kantonalbank Zürcher Kantonalbank now owns 72,183 shares in the solar power provider valued at $ 3,699,000 after purchasing a further 54,380 shares in the last quarter. Samson Rock Capital LLP acquired a new position in Canadian Solar for approximately $ 548,000 in the fourth quarter. State Street Corp increased its stake in Canadian Solar by 19.4% in the third quarter. State Street Corp now owns 286,781 shares in the solar energy company valued at $ 10,066,000 after purchasing an additional 46,593 shares last quarter. DekaBank Deutsche Girozentrale increased its stake in Canadian Solar by 20.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 132,000 shares in the solar energy provider valued at $ 4,505,000 after purchasing another 22,000 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Canadian Solar by 28.8% in the third quarter. BlackRock Inc. now owns 3,821,256 shares in the solar energy company valued at $ 134,127,000 after acquiring an additional 854,888 shares last quarter. Institutional investors hold 41.03% of the company’s shares.

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This psychedelics-focused biotech stock is trying to disrupt the mental health market.

CSIQ opened at $ 55.82 on Thursday. The stock has a 50-day moving average price of $ 56.70 and a 200-day moving average price of $ 41.12. The company has a leverage ratio of 0.47, a current of 1.24, and a fast of 1.04. The company has a market cap of $ 3.31 billion, a PE ratio of 16.18, a P / E / G ratio of 0.71, and a beta of 1.55. Canadian Solar has a 1 year low of $ 12.00 and a 1 year high of $ 67.39.

Canadian Solar (NASDAQ: CSIQ) last released its quarterly earnings data on Wednesday, November 18th. The solar energy company reported earnings per share of $ 0.15 for the quarter, beating the consensus estimate of ($ 0.05) by $ 0.20. Canadian Solar achieved a return on equity of 10.28% and a net margin of 6.19%. The company posted revenue of $ 914.36 million for the quarter, compared to the consensus estimate of $ 860.54 million. For the same period last year, the company posted earnings of $ 0.96 per share. Sell-side analysts expect Canadian Solar to achieve an EPS of 0.96 this year.

About Canadian Solar

Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures and sells solar bars, wafers, cells, modules and other solar power products. The company operates in two segments: module and system solutions (MSS) and energy. The MSS segment designs, manufactures, and sells a range of solar energy products, including standard solar modules, specialty solar products, and solar system kits, which are ready-to-fit packages that include inverters, shelving systems, and other accessories.

See also: What is the net income?

This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage possible. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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