JP Morgan Cuts Canadian Solar (NASDAQ:CSIQ) Stock To a "Underweight" Rating

JP Morgan has given Canadian Solar (NASDAQ:CSIQ) shares a new "Underweight" rating in analysts report sent to investors on 27 March. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.06 billion. The stock of Canadian Solar Inc.

Among 18 analysts covering Canadian Solar Inc. The firm has a market cap of $1,015.64, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.48 and a beta of 2.60. Through this figure traders can analyze that CSIQ show whether or not a stock now most active and standing in buying side or sell side. JPMorgan Chase & Co. raised shares of Canadian Solar from an underweight rating to a neutral rating and set a $16.00 price objective for the company in a report on Thursday, February 1st.

The company's Perf Half Y was reduced 2.74% whereas Perf Year was settled at 45.45% and Perf YTD by -2.25% Let me explain you a little about the term "YTD", which indicates a timeframe, starting the day one of the current calendar year or fiscal year up to the current date. Canadian Solar Inc. had 46 analyst reports since August 19, 2015 according to SRatingsIntel.

More news: Analyst Upside Underscores Impressive Growth for UnitedHealth Group Incorporated (NYSE:UNH)

Canadian Solar Inc., together with its subsidiaries, designs, develops, makes, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. State Street Corp raised its position in shares of Canadian Solar by 6.0% in the 2nd quarter. Canadian Solar has a 1-year low of $11.31 and a 1-year high of $19.09. Barclays Capital downgraded the shares of CSIQ in report on Wednesday, August 24 to "Equal-Weight" rating.

Currently Canadian Solar Inc (NASDAQ:CSIQ)'s shares owned by insiders are 31%, whereas shares owned by institutional owners are 42.5%. The rating was downgraded by Axiom Capital on Friday, December 15 to "Hold". Cowen & Co initiated Canadian Solar Inc. Finally, Cowen set a $18.00 price objective on shares of Canadian Solar and gave the stock a "hold" rating in a research note on Monday, December 11th. HBK Investments L P acquired a new position in shares of Canadian Solar in the 4th quarter valued at approximately $282,000. Quinn Opportunity Partners LLC purchased a new stake in shares of Canadian Solar during the fourth quarter valued at about $354,000. State Street Corp now owns 21,698 shares of the solar energy provider's stock valued at $345,000 after buying an additional 1,227 shares in the last quarter. The hedge fund run by Greg Taxin held 42,708 shares of the consumer durables company at the end of 2017Q4, valued at $7.26 million, up from 5,427 at the end of the previous reported quarter. (NASDAQ:CSIQ) on Friday, August 21 to "Buy" rating. Canadian Solar Inc (NASDAQ:CSIQ) has a current PEG of 0.3. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws. The rating was downgraded by FBR Capital on Tuesday, November 22 to "Mkt Perform". The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The firm operates through two divisions, Module and Energy.

Like this



29 March 2018
Craig David surprises commuters on London bus with impromptu performance
The gig showcased the reliability of BT Mobile's network, which has fast 4G and wi-fi in more places than 02, Vodafone and Three. Craig's seventh studio album, " The Time Is Now ", was released earlier this year and hit number two in the charts.

29 March 2018
Chrome Will Soon Let You Cast Local Files
However, the functionality is only available "if you're lucky", meaning that not all users will be able to see the option. This has been confirmed by Google's Fran├žois Beaufort who often provides updates on the development of new features.

29 March 2018
Adam Devine's Dad Cursed Out and Hung Up on Joe Biden
I find it degrading. "It's important to continue to make the point that women are entitled to be treated with respect, damn it". Last week, Biden again said in high school he would've " beat the hell out" of Trump for his disrespect of women .

29 March 2018
Bristol-Myers Squibb (NYSE:BMY) Shares Sold by Hyman Charles D
Fruth Investment Management increased its stake in Bunge (BG) by 42.5% based on its latest 2017Q4 regulatory filing with the SEC. The current share price indicate that stock is -9.17% away from its one year high and is moving 55.15% ahead of its 52-week low.

29 March 2018
Overview on Beta Factor - Crown Castle International Corp (NYSE: CCI)
When hard earned investing dollars are at stake, individuals may be best served to monitor the portfolio closely at all times. Solaris Asset Management LLC raised its position in shares of Crown Castle International by 25.9% during the 4th quarter.

29 March 2018
You Can Now Connect to All Bluetooth Speakers With Google Home
Google is also letting users use multi-room audio with the ability to group Bluetooth speakers which is pretty cool. All you need to do is pair a compatible Bluetooth speaker with your Google Home using the Google Home app .

29 March 2018
Featured Stock: Windstream Holdings, Inc. (WIN)
It compares the magnitude of recent losses and gains so as to assess the overbought or oversold conditions of a particular stock. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

29 March 2018
Quebec wants to tax Netflix, Amazon
The $270 million that is eluding Quebec's coffers represents about 1.3 per cent of annual sales tax receipts, according to the government.

29 March 2018
Uber to lose self-driving test permit in California
After the DMV said it would revoke the cars' registrations, Uber pulled them out of the state to shift those tests to Arizona. Scarpinato said Monday that Ducey considers self-driving vehicles a way to improve public safety and limit road fatalities.

29 March 2018
Fishtailing Stock: Marvell Technology Group Ltd. (NASDAQ:MRVL)
American International Group Inc. acquired a new stake in Marvell Technology Group during the fourth quarter worth about $181,000. Envestnet Asset Management Inc. grew its holdings in shares of Marvell Technology Group by 182.9% during the 4th quarter.