Nov 17, 2021 04: 04 PM ET
Wall Road analysts forecast that Canadian Solar Inc. (NASDAQ: CSIQ) will insist gross sales of $1.32 billion for the recent quarter, Zacks experiences.
Three consultants comprise in actual fact given quotes for Canadian Solar’s profits. The high quality gross sales quote is $1.34 billion and the lowest is $1.31 billion. Canadian Solar uploaded gross sales of $914.36 million throughout the correct same quarter remaining year, which recommends a reliable year-over-year pattern charge of 44.4%. The firm is predicted to insist its subsequent quarterly profits memoir sooner than the marketplace opens on Thursday, November 18th.
Per Zacks, consultants anticipate that Canadian Solar will memoir pudgy year gross sales of $5.79 billion for the most recent fiscal year, with quotes numerous from $5.73 billion to $5.84 billion. For the subsequent fiscal year, consultants anticipate that the industry will surely post gross sales of $6.43 billion, with quotes ranging from $6.24 billion to $6.60 billion. Zacks Funding Be taught gaze’s gross sales standards are a point out real looking essentially essentially based upon a seek of analysts that present insurance coverage coverage for Canadian Solar.
Loads of equities analysis consultants comprise in actual fact launched experiences on CSIQ shares. Citigroup reduced their observe aim on shares of Canadian Solar from $57.00 to $51.00 as successfully as pickle a “carry” ranking for the company in a analysis label on Monday, October 4th. UBS Team downgraded shares of Canadian Solar from a “gain” ranking to a “promote” salvage and established a $18.00 charge aim for the firm. in a gaze label on Wednesday, August 18th. Lastly, JPMorgan Drag & Co. improved their observe aim on shares of Canadian Solar from $49.00 to $51.00 and additionally gave the provision a “neutral” ranking in a gaze label on Wednesday, July 21st. Two equities gaze analysts comprise ranked the stock with a promote ranking, two comprise launched a reduction ranking and additionally 6 comprise in actual fact offered a carry salvage to the firm’s stock. Per MarketBeat.com, Canadian Solar for the time being has an agreement rating of “Protect” as successfully as a consensus observe aim of $48.10.
Rather just a few hedge funds and additionally numerous other institutional traders comprise in actual fact recently dealt shares of CSIQ. Schroder Funding Management Team boosted its possibility in Canadian Solar by 612.4% throughout the 3rd quarter. Schroder Funding Management Team now owns 1,923,447 shares of the solar energy dealer’s present valued at $66,532,000 after obtaining an added 1,653,447 shares throughout the leisure quarter. Grantham Mayo Van Otterloo & Co. LLC elevated its stake in Canadian Solar by 73.7% throughout the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC for the time being possesses 1,822,633 shares of the solar vitality carrier’s present valued at $81,727,000 after getting an added 773,429 shares right by intention of the leisure quarter. Mackenzie Financial Corp boosted its possibility in Canadian Solar by 81.4% throughout the second quarter. Mackenzie Financial Corp now possesses 1,664,886 shares of the solar energy carrier’s stock valued at $74,653,000 after getting an added 746,850 shares throughout the leisure quarter. Albar Capital Ltd received a price-new setting in Canadian Solar right by intention of the 2nd quarter valued at $27,801,000. Lastly, Kylin Management LLC received a brand new put in Canadian Solar throughout the 2nd quarter valued at $27,801,000. Hedge funds as successfully as numerous other institutional traders maintain 53.19% of the industry’s present.
Shares of CSIQ present unfolded at $39.57 on Tuesday. Canadian Solar has a 365 days low of $31.40 and additionally a 365 days excessive of $67.39. The industry has a debt-to-equity ratio of 0.38, a transient ratio of 0.84 and additionally a most recent ratio of 1.13. The firm has a 50 day relocating unheard of observe of $36.68 and additionally a 200 day relocating real looking observe of $38.26. The company has a market capitalization of $2.37 billion, a observe-to-earnings ratio of 49.46, a observe-to-earnings-relate ratio of 1.80 and additionally a beta of 1.47.
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