Trina Solar Limited’s “Buy” Rating Reiterated at Deutsche Bank (TSL)
Shares of Trina Solar Limited (NYSE:TSL) traded down 8.34% during mid-day trading on Tuesday, hitting $12.255. 9,857,119 shares of the company’s stock traded hands. Trina Solar Limited has a one year low of $8.62 and a one year high of $18.77. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $12.88. The company has a market cap of $981.8 million and a price-to-earnings ratio of 52.23.
Trina Solar Limited (NYSE:TSL) last announced its earnings results on Tuesday, August 26th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $519.40 million for the quarter, compared to the consensus estimate of $562.40 million. During the same quarter last year, the company posted ($0.47) earnings per share. Trina Solar Limited’s revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that Trina Solar Limited will post $1.11 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of Trina Solar Limited in a research note on Monday, August 11th. They set a “neutral” rating and a $12.30 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Trina Solar Limited in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.64.
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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