ValuEngine lowered shares of Canadian Solar (NASDAQ:CSIQ) from a strong-buy rating to a buy rating in a report released on Tuesday.
Other equities research analysts also recently issued research reports about the company. Axiom Securities set a $26.00 price objective on Canadian Solar and gave the company a buy rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. raised Canadian Solar from an underweight rating to a neutral rating and set a $16.00 price objective on the stock in a research report on Thursday, February 1st. BidaskClub raised Canadian Solar from a sell rating to a hold rating in a research report on Thursday, February 8th. B. Riley set a $15.00 price objective on Canadian Solar and gave the company a hold rating in a research report on Friday, January 12th. Finally, Zacks Investment Research raised Canadian Solar from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $18.91.
Shares of Canadian Solar (CSIQ) opened at $16.13 on Tuesday. Canadian Solar has a 12-month low of $10.86 and a 12-month high of $19.09. The firm has a market capitalization of $932.80, a PE ratio of 39.34, a P/E/G ratio of 0.34 and a beta of 2.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.88 and a current ratio of 0.95.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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