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 maximum price target given 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. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -133.33 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -15.53 percent in FY estimates.
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, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of CSIQ's earnings is estimated by analysts to be 184.07 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of CSIQ is 0.18.
CSIQ has a 52-week high of 18.12 and a 52-week low of 10.25. Today's price is 59.41 percent above the 52-week low, and below the high by 9.82 percent. 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 market cap of CSIQ is $0.95995 billion. CSIQ will post this quarters earnings in days, on 0000-00-00.