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.
Many analysts weighed in on price targets for CSIQ. The maximum price target given was 32, implying potential capital gains of 95.84 percent. The minimum price target given was 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -133.33 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -15.53 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. 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. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CSIQ is 0.18.
In the trailing 52-weeks, CSIQ hit 18.12 at the highest peak, while it's lowest trading point was 10.25. Currently the stock is 59.41 percent higher than its low, and below the high by 9.82 percent. 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 market cap of CSIQ is $0.95995 billion. CSIQ will post this quarters earnings in days, on 0000-00-00.