Axiom Securities upgraded shares of JA Solar Holdings Co. (NASDAQ:JASO) from a sell rating to a buy rating in a research report sent to investors on Thursday morning. They currently have $10.00 target price on the stock.
Separately, Credit Suisse Group AG set a $9.70 price objective on shares of JA Solar Holdings and gave the company a hold rating in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $9.62.
Shares of JA Solar Holdings (NASDAQ:JASO) opened at 6.58 on Thursday. JA Solar Holdings has a 12-month low of $5.66 and a 12-month high of $10.09. The firm’s 50-day moving average is $6.65 and its 200-day moving average is $7.48. The company has a market capitalization of $308.33 million, a price-to-earnings ratio of 3.26 and a beta of 2.05.
JA Solar Holdings (NASDAQ:JASO) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.38. JA Solar Holdings had a net margin of 4.85% and a return on equity of 11.39%. The firm earned $619 million during the quarter. During the same period in the prior year, the business earned $0.27 EPS. On average, equities analysts predict that JA Solar Holdings will post $0.82 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Numeric Investors LLC increased its stake in shares of JA Solar Holdings by 155.8% in the second quarter. Numeric Investors LLC now owns 2,156,163 shares of the company’s stock worth $14,770,000 after buying an additional 1,313,102 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of JA Solar Holdings by 19.7% in the second quarter. Guggenheim Capital LLC now owns 1,340,585 shares of the company’s stock worth $9,183,000 after buying an additional 220,544 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of JA Solar Holdings by 3.9% in the second quarter. Prudential Financial Inc. now owns 835,900 shares of the company’s stock worth $5,726,000 after buying an additional 31,400 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of JA Solar Holdings during the second quarter worth $4,383,000. Finally, Shah Capital Management bought a new stake in shares of JA Solar Holdings during the second quarter worth $3,014,000. 31.65% of the stock is currently owned by institutional investors and hedge funds.
About JA Solar Holdings
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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