Trina Solar Ltd. (NYSE:TSL) Receives $10.78 Average Target Price from Analysts
Shares of Trina Solar Ltd. (NYSE:TSL) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.39.
A number of brokerages have recently commented on TSL. Zacks Investment Research upgraded shares of Trina Solar from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Credit Suisse Group AG restated a “hold” rating and set a $11.60 price objective on shares of Trina Solar in a research report on Wednesday, August 24th. Roth Capital restated a “neutral” rating and set a $10.00 price objective on shares of Trina Solar in a research report on Thursday, August 25th. Morgan Stanley set a $11.60 price objective on shares of Trina Solar and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Axiom Securities upgraded shares of Trina Solar from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday.
Several large investors have recently made changes to their positions in TSL. Pacad Investment Ltd. bought a new stake in shares of Trina Solar during the first quarter worth $156,000. Bank of Montreal Can bought a new stake in shares of Trina Solar during the second quarter worth $166,000. Tairen Capital Ltd bought a new stake in shares of Trina Solar during the second quarter worth $194,000. Scotia Capital Inc. boosted its stake in shares of Trina Solar by 23.2% in the first quarter. Scotia Capital Inc. now owns 26,540 shares of the company’s stock worth $264,000 after buying an additional 5,000 shares in the last quarter. Finally, Leucadia National Corp bought a new stake in shares of Trina Solar during the second quarter worth $425,000. Institutional investors and hedge funds own 61.68% of the company’s stock.
Shares of Trina Solar (NYSE:TSL) opened at 10.34 on Thursday. The firm has a 50-day moving average of $10.42 and a 200 day moving average of $9.28. The stock has a market capitalization of $878.20 million, a PE ratio of 12.00 and a beta of 1.55. Trina Solar has a 52-week low of $6.91 and a 52-week high of $11.35.
Trina Solar (NYSE:TSL) last issued its earnings results on Tuesday, August 23rd. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. The business earned $961.60 million during the quarter, compared to analysts’ expectations of $866.56 million. Trina Solar had a net margin of 2.51% and a return on equity of 11.34%. The company’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Equities research analysts forecast that Trina Solar will post $0.39 EPS for the current fiscal year.
Trina Solar Company Profile
Trina Solar Limited is an integrated solar power products manufacturer and solar system developer based in China with a global distribution network. The Company has integrated the manufacturing of ingots, wafers and solar cells for use in its photovoltaic (PV) module production. Its PV modules provide electric power for residential, commercial, industrial and other applications.
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