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.
Several price targets were given for CSIQ by the analysts covering the stock. The most optimistic analyst gave a price target of 32, implying a possible profit of 95.84 percent. The most pessimistic analyst gave a price target of 11.3, implying potential capital losses 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
CSIQ has an estimated earnings growth rate of 184.07 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. 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.
CSIQ has traded between a high of 18.12 and a low of 10.25 over the past year. Currently the stock is 59.41 percent higher than its 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 stock has a market capitalization of $0.95995 billion. CSIQ's next earnings release will be on 0000-00-00, which is days away.