Yingli Green Energy Hold. Co. Ltd.’s Buy Rating Reiterated at Deutsche Bank (YGE)
Shares of Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) traded down 4.49% during mid-day trading on Wednesday, hitting $3.40. 6,499,704 shares of the company’s stock traded hands. Yingli Green Energy Hold. Co. Ltd. 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 $3.41 and a 200-day moving average of $4.06. The company’s market cap is $532.9 million.
Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) last announced its earnings results on Wednesday, August 27th. The company reported ($0.25) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.11. The company had revenue of $549.50 million for the quarter, compared to the consensus estimate of $588.00 million. During the same quarter last year, the company posted ($0.33) earnings per share. On average, analysts predict that Yingli Green Energy Hold. Co. Ltd. will post $-0.49 earnings per share for the current fiscal year.
A number of other firms have also recently commented on YGE. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Yingli Green Energy Hold. Co. Ltd. in a research note on Tuesday, June 17th. They now have a $4.00 price target on the stock, down previously from $6.00. Analysts at Roth Capital reiterated a “neutral” rating on shares of Yingli Green Energy Hold. Co. Ltd. in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Yingli Green Energy Hold. Co. Ltd. currently has a consensus rating of “Hold” and a consensus target price of $5.67.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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