JA Solar Holdings Co., Ltd. PT Raised to $20.00 (JASO)
Investment analysts at Northland Securities upped their price objective on shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) from $19.00 to $20.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Northland Securities’ price objective points to a potential upside of 100.20% from the company’s current price.
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) traded down 5.21% on Wednesday, hitting $9.47. The stock had a trading volume of 5,343,830 shares. JA Solar Holdings Co., Ltd. has a 1-year low of $7.00 and a 1-year high of $13.14. The stock has a 50-day moving average of $9.44 and a 200-day moving average of $10.01. The company’s market cap is $433.2 million. JA Solar Holdings Co., Ltd. also saw some unusual options trading on Tuesday. Stock traders acquired 7,340 call options on the company. This is an increase of 620% compared to the typical daily volume of 1,019 call options.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) last announced its earnings results on Wednesday, August 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.07. The company had revenue of $390.50 million for the quarter. During the same quarter in the previous year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 52.9% on a year-over-year basis. On average, analysts predict that JA Solar Holdings Co., Ltd. will post $1.16 earnings per share for the current fiscal year.
A number of other firms have also recently commented on JASO. Analysts at Axiom Securities downgraded shares of JA Solar Holdings Co., Ltd. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Separately, analysts at Credit Suisse initiated coverage on shares of JA Solar Holdings Co., Ltd. in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Finally, analysts at TheStreet downgraded shares of JA Solar Holdings Co., Ltd. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. JA Solar Holdings Co., Ltd. presently has a consensus rating of “Hold” and a consensus price target of $15.67.
JA Solar Holdings Co, Ltd. (NASDAQ:JASO) is engaged in the business of designing, developing, manufacturing and selling solar cell and solar module products.
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