Yingli Green Energy Hold. Co.’s “Sector Perform” Rating Reaffirmed at RBC Capital (YGE)
Yingli Green Energy Hold. Co. (NYSE:YGE)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Tuesday. They currently have a $4.00 price target on the stock, down from their previous price target of $6.00. RBC Capital’s price objective suggests a potential upside of 1.27% from the stock’s previous close.
Shares of Yingli Green Energy Hold. Co. (NYSE:YGE) traded up 12.22% on Tuesday, hitting $3.95. The stock had a trading volume of 21,457,280 shares. Yingli Green Energy Hold. Co. has a 52 week low of $2.68 and a 52 week high of $8.77. The stock has a 50-day moving average of $3.13 and a 200-day moving average of $4.82. The company’s market cap is $619.2 million. Yingli Green Energy Hold. Co. also was the target of some unusual options trading on Tuesday. Stock traders bought 10,536 call options on the company. This is an increase of approximately 386% compared to the typical volume of 2,166 call options.
Yingli Green Energy Hold. Co. (NYSE:YGE) last issued its quarterly earnings data on Tuesday, June 17th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.11. The company had revenue of $432.20 million for the quarter, compared to the consensus estimate of $464.04 million. During the same quarter last year, the company posted ($0.62) earnings per share. Yingli Green Energy Hold. Co.’s revenue was up .2% compared to the same quarter last year. Analysts expect that Yingli Green Energy Hold. Co. will post $-0.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital reiterated a “neutral” rating on shares of Yingli Green Energy Hold. Co. in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yingli Green Energy Hold. Co. in a research note on Tuesday. Finally, analysts at Deutsche Bank cut their price target on shares of Yingli Green Energy Hold. Co. from $8.00 to $6.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.67.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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