Sunedison PT Raised to $34.00 (SUNE)
Research analysts at Credit Suisse boosted their target price on shares of Sunedison (NASDAQ:SUNE) from $17.00 to $34.00 in a report released on Wednesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would suggest a potential upside of 100.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of Sunedison from $15.00 to $18.00 in a research note on Thursday, February 20th. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Sunedison in a research note on Wednesday, February 19th. They set an “outperform” rating and a $15.18 price target on the stock. Finally, analysts at Gilford Securities raised their price target on shares of Sunedison from $13.00 to $18.00 in a research note on Friday, January 10th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sunedison has a consensus rating of “Buy” and a consensus target price of $19.80.
Sunedison (NASDAQ:SUNE) traded up 9.42% during mid-day trading on Wednesday, hitting $18.58. The stock had a trading volume of 16,355,600 shares. Sunedison has a 52 week low of $3.95 and a 52 week high of $17.13. The stock has a 50-day moving average of $14.65 and a 200-day moving average of $11.22. The company’s market cap is $4.955 billion.
Sunedison (NASDAQ:SUNE) last released its earnings data on Wednesday, February 19th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.70. The company had revenue of $960.70 billion for the quarter, compared to the consensus estimate of $1.07 billion. Analysts expect that Sunedison will post $0.13 EPS for the current fiscal year.
SunEdison Inc, formerly MEMC Electronic Materials, Inc is engaged in the development, manufacture and sale of silicon wafers.
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