Trina Solar Limited Receives Average Recommendation of “Buy” from Brokerages (NYSE:TSL)
Trina Solar Limited (NYSE:TSL) has earned an average recommendation of “Buy” from the twelve brokerages that are currently covering the company, Analyst RN reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.64.
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, August 26th. 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.
Shares of Trina Solar Limited (NYSE:TSL) opened at 12.53 on Wednesday. Trina Solar Limited has a 52 week low of $9.46 and a 52 week high of $18.77. The stock’s 50-day moving average is $11.83 and its 200-day moving average is $12.8. The company has a market cap of $919.2 million and a price-to-earnings ratio of 14.43.
Trina Solar Limited (NYSE:TSL) last posted its quarterly earnings results 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. On average, analysts predict that Trina Solar Limited will post $0.99 earnings per share for the current fiscal year.
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.