Daqo New Energy (DQ) Given a $65.00 Price Target by Roth Capital Analysts

Roth Capital set a $65.00 target price on Daqo New Energy (NYSE:DQ) in a research note published on Monday. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also weighed in on DQ. TheStreet raised shares of Daqo New Energy from a c+ rating to a b rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Daqo New Energy from a hold rating to a buy rating and set a $33.00 target price for the company in a research note on Friday, September 29th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Daqo New Energy presently has a consensus rating of Buy and a consensus price target of $51.67.

Shares of Daqo New Energy (NYSE:DQ) traded down $9.91 on Monday, hitting $47.04. 1,092,800 shares of the company were exchanged, compared to its average volume of 122,220. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.49. Daqo New Energy has a 12-month low of $18.01 and a 12-month high of $58.49. The stock has a market capitalization of $599.01, a price-to-earnings ratio of 9.22, a P/E/G ratio of 1.13 and a beta of 2.05.

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its stake in Daqo New Energy by 264.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,767 shares of the semiconductor company’s stock worth $161,000 after buying an additional 5,636 shares during the period. Granite Point Capital Management L.P. purchased a new position in Daqo New Energy during the third quarter worth about $290,000. Dynamic Technology Lab Private Ltd purchased a new position in Daqo New Energy during the second quarter worth about $210,000. Susquehanna International Group LLP purchased a new position in Daqo New Energy during the third quarter worth about $490,000. Finally, JPMorgan Chase & Co. boosted its stake in Daqo New Energy by 29,376.5% during the third quarter. JPMorgan Chase & Co. now owns 28,887 shares of the semiconductor company’s stock worth $852,000 after buying an additional 28,789 shares during the period. 27.38% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Daqo New Energy (DQ) Given a $65.00 Price Target by Roth Capital Analysts” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/05/daqo-new-energy-dq-given-a-65-00-price-target-by-roth-capital-analysts.html.

Daqo New Energy Company Profile

Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.

Receive News & Ratings for Daqo New Energy Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daqo New Energy Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply