Yingli Green Energy Hold. Co. (NYSE:YGE) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $8.00 price target on the stock, up from their previous price target of $5.00. Deutsche Bank’s target price would indicate a potential upside of 18.87% from the company’s current price.
A number of other firms have also recently commented on YGE. Analysts at RBC Capital raised their price target on shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from $3.00 to $4.00 in a research note to investors on Monday, September 2nd. They now have a “sector perform” rating on the stock. Analysts at Ardour Capital upgraded shares of Yingli Green Energy Hold. Co. (NYSE:YGE) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 30th. They now have a $6.00 price target on the stock, up previously from $3.00. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Yingli Green Energy Hold. Co. presently has a consensus rating of “Hold” and a consensus price target of $4.10.
Shares of Yingli Green Energy Hold. Co. (NYSE:YGE) traded down 1.04% on Friday, hitting $6.6599. 1,677,249 shares of the company’s stock traded hands. Yingli Green Energy Hold. Co. has a 1-year low of $1.25 and a 1-year high of $6.82. The stock has a 50-day moving average of $4.89 and a 200-day moving average of $3.38. The company’s market cap is $1.043 billion. Yingli Green Energy Hold. Co. also was the target of unusually large options trading activity on Friday. Stock traders acquired 7,062 call options on the stock. This represents an increase of 128% compared to the typical daily volume of 3,102 call options.
Yingli Green Energy Hold. Co. (NYSE:YGE) last issued its quarterly earnings data on Friday, August 30th. The company reported ($0.33) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.32) by $0.01. The company had revenue of $550.40 million for the quarter, compared to the consensus estimate of $506.72 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that Yingli Green Energy Hold. Co. will post $-1.38 EPS for the current fiscal year.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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