JA Solar Holdings’ (JASO) “Buy” Rating Reiterated at Axiom Securities
JA Solar Holdings Co. (NASDAQ:JASO)‘s stock had its “buy” rating reaffirmed by equities researchers at Axiom Securities in a report issued on Friday.
Separately, Credit Suisse Group AG set a $9.70 price target on JA Solar Holdings and gave the stock a “hold” rating in a report on Thursday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.62.
JA Solar Holdings (NASDAQ:JASO) opened at 5.51 on Friday. The firm has a 50-day moving average price of $6.14 and a 200-day moving average price of $7.07. JA Solar Holdings has a one year low of $5.33 and a one year high of $10.09.
JA Solar Holdings (NASDAQ:JASO) last posted its earnings results on Wednesday, August 17th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.38. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. The company earned $619 million during the quarter. During the same quarter in the previous year, the company earned $0.27 EPS. Equities research analysts predict that JA Solar Holdings will post $0.82 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC purchased a new stake in JA Solar Holdings during the first quarter worth about $102,000. Bank of Montreal Can purchased a new stake in JA Solar Holdings during the second quarter worth about $109,000. Jane Street Group LLC increased its stake in JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock worth $129,000 after buying an additional 6,746 shares in the last quarter. KCG Holdings Inc. increased its stake in JA Solar Holdings by 97.1% in the third quarter. KCG Holdings Inc. now owns 21,512 shares of the company’s stock worth $129,000 after buying an additional 10,598 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock worth $138,000 after buying an additional 9,900 shares in the last quarter. 31.72% of the stock is owned by institutional investors and hedge funds.
About JA Solar Holdings
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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