Sunedison Rating Reiterated by Brean Capital (SUNE)
Sunedison (NASDAQ:SUNE)‘s stock had its “hold” rating restated by equities research analysts at Brean Capital in a research note issued to investors on Tuesday, ARN reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Gilford Securities raised their price target on shares of Sunedison to $25.00 in a research note on Tuesday, March 25th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Sunedison from a “neutral” rating to an “underperform” rating in a research note on Friday, March 14th. They now have a $18.00 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Sunedison from $20.00 to $23.00 in a research note on Wednesday, March 12th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.11.
Shares of Sunedison (NASDAQ:SUNE) traded up 2.60% on Tuesday, hitting $19.31. The stock had a trading volume of 7,729,059 shares. Sunedison has a 1-year low of $5.00 and a 1-year high of $21.93. The stock has a 50-day moving average of $19.07 and a 200-day moving average of $14.93. The company’s market cap is $5.159 billion.
Sunedison (NASDAQ:SUNE) last announced its earnings results 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. On average, analysts predict that Sunedison will post $-0.08 earnings per share 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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