Analyst Ratings for Canadian Solar Inc. (CSIQ)Updated: 2017-07-28
Canadian Solar Inc. (NASDAQ:CSIQ) was awarded an average rating of Hold from investment analysts following the stock. CSIQ had previously received a consensus rating of Hold a month ago.
1 analysts declared CSIQ a buy, 0 gave an overweight rating, 8 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has decreased by 1.
Investment analysts gave a few price targets for CSIQ. The most optimistic price target was 32, implying a possible profit of 95.84 percent. The most pessimistic analyst gave a price target of 11.3, implying a possible loss of -30.84 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -133.33 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -15.53 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of CSIQ to grow at a rate of 184.07 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. CSIQ has a PEG ratio of 0.18.
CSIQ has a 52-week high of 18.12 and a 52-week low of 10.25. The current market price is above the trailing year's low by 59.41 percent, and 9.82 percent below the high. CSIQ has a P/E ratio of 33.35. Investors typically compare the P/E ratio to a company's peers in the industry. The CSIQ value stock report compares CSIQ to some of its peers using value stock charts. The stock has a market capitalization of $0.95995 billion. CSIQ's next earnings release will be on 0000-00-00, which is days away.