Shares of Canadian Solar Inc. (NASDAQ:CSIQ) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.11.
Several equities research analysts have recently issued reports on the stock. B. Riley set a $18.00 price objective on shares of Canadian Solar and gave the stock a “neutral” rating in a research report on Thursday. ValuEngine lowered shares of Canadian Solar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. BidaskClub raised shares of Canadian Solar from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised shares of Canadian Solar from an “underweight” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Thursday, February 1st. Finally, Goldman Sachs Group assumed coverage on shares of Canadian Solar in a research report on Tuesday, January 9th. They issued a “neutral” rating and a $19.00 price objective for the company.
Canadian Solar (NASDAQ:CSIQ) traded down $0.14 during trading on Friday, hitting $15.81. 201,431 shares of the stock traded hands, compared to its average volume of 666,623. Canadian Solar has a 52 week low of $10.86 and a 52 week high of $19.09. The firm has a market capitalization of $922.68, a price-to-earnings ratio of 38.91, a P/E/G ratio of 0.33 and a beta of 2.60. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 0.45.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSIQ. We Are One Seven LLC acquired a new stake in Canadian Solar during the 4th quarter valued at $142,000. Oppenheimer & Co. Inc. acquired a new stake in Canadian Solar during the 4th quarter valued at $223,000. HBK Investments L P acquired a new stake in Canadian Solar during the 4th quarter valued at $282,000. State Street Corp grew its holdings in Canadian Solar by 6.0% during the 2nd quarter. State Street Corp now owns 21,698 shares of the solar energy provider’s stock valued at $345,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in Canadian Solar during the 4th quarter valued at $354,000. 39.13% of the stock is owned by institutional investors and hedge funds.
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About Canadian Solar
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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