Trina Solar Limited Receives Buy Rating from Deutsche Bank (TSL)
Trina Solar Limited (NYSE:TSL)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a $15.00 target price on the stock, down from their previous target price of $17.00. Deutsche Bank’s target price would indicate a potential upside of 15.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Trina Solar Limited from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $14.20 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Trina Solar Limited in a research note on Thursday, May 22nd. They now have a $23.90 price target on the stock, up previously from $23.70. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Trina Solar Limited in a research note on Thursday, May 22nd. They now have a $15.00 price target on the stock, down previously from $18.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Trina Solar Limited currently has an average rating of “Buy” and a consensus price target of $15.45.
Trina Solar Limited (NYSE:TSL) traded down 2.39% during mid-day trading on Wednesday, hitting $12.6601. The stock had a trading volume of 4,448,185 shares. Trina Solar Limited has a 52 week low of $5.00 and a 52 week high of $18.77. The stock has a 50-day moving average of $11.91 and a 200-day moving average of $13.9. The company has a market cap of $901.1 million and a price-to-earnings ratio of 50.66.
Trina Solar Limited (NYSE:TSL) last released its earnings data on Wednesday, May 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.34. The company had revenue of $444.80 million for the quarter, compared to the consensus estimate of $452.55 million. During the same quarter in the previous year, the company posted ($0.90) earnings per share. The company’s revenue for the quarter was up 70.9% on a year-over-year basis. Analysts expect that Trina Solar Limited will post $1.15 EPS for the current fiscal year.
Trina Solar Limited (NYSE:TSL) is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.
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