JA Solar Holdings Co. (JASO) Upgraded by Axiom Securities to “Buy”
Separately, Credit Suisse Group AG set a $9.70 target price on shares of JA Solar Holdings and gave the stock a hold rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $9.49.
JA Solar Holdings (NASDAQ:JASO) traded down 0.58% during trading on Thursday, reaching $6.81. 356,638 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $6.75 and a 200 day moving average price of $7.53. The firm has a market capitalization of $319.10 million, a price-to-earnings ratio of 3.37 and a beta of 2.05. JA Solar Holdings has a 52 week low of $5.66 and a 52 week high of $10.09.
JA Solar Holdings (NASDAQ:JASO) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.38. The company earned $619 million during the quarter. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. During the same quarter in the prior year, the company earned $0.27 EPS. Equities research analysts forecast that JA Solar Holdings will post $0.82 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in JASO. BlackRock Fund Advisors raised its position in shares of JA Solar Holdings by 12,759.7% in the second quarter. BlackRock Fund Advisors now owns 315,063 shares of the company’s stock worth $2,158,000 after buying an additional 312,613 shares during the period. Prudential Financial Inc. raised its position in shares of JA Solar Holdings by 3.9% in the second quarter. Prudential Financial Inc. now owns 835,900 shares of the company’s stock worth $5,726,000 after buying an additional 31,400 shares during the period. Janney Montgomery Scott LLC raised its position in shares of JA Solar Holdings by 98.2% in the second quarter. Janney Montgomery Scott LLC now owns 42,454 shares of the company’s stock worth $351,000 after buying an additional 21,036 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of JA Solar Holdings during the second quarter worth about $4,383,000. Finally, Societe Generale acquired a new position in shares of JA Solar Holdings during the second quarter worth about $2,423,000. Institutional investors and hedge funds own 31.65% of the company’s stock.
JA Solar Holdings Company Profile
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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