Trina Solar Limited Receives Average Recommendation of “Buy” from Analysts (NYSE:TSL)
Shares of Trina Solar Limited (NYSE:TSL) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the stock, ARN reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.64.
Trina Solar Limited (NYSE:TSL) traded down 1.78% on Wednesday, hitting $12.0814. 738,129 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 $11.74 and its 200-day moving average is $12.86. The company has a market cap of $967.9 million and a price-to-earnings ratio of 48.05.
Trina Solar Limited (NYSE:TSL) last released its earnings data on Tuesday, August 26th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $519.40 million for the quarter. During the same quarter in the prior year, the company posted ($0.47) earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that Trina Solar Limited will post $1.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trina Solar Limited in a research note on Tuesday. Separately, 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. Finally, 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.
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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