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.
CSIQ was given price targets by several analysts. The highest price target was 32, implying potential capital gains of 95.84 percent. The lowest price target was 11.3, which equates to a potential downside of -30.84 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. 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.
Another thing investors often look at is the level of agreement among analysts' 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 decreased their estimates.
Analysts estimate earnings of CSIQ to grow at a rate of 184.07 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, 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. Currently the stock is 59.41 percent higher than its low, and 9.82 percent lower than its 52-week high. CSIQ has a price/earnings 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.