Brokerages Set JA Solar Holdings, Co., Ltd. (JASO) Price Target at $7.00

Shares of JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut JA Solar Holdings, Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine upgraded JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a report on Monday, October 16th. Axiom Securities reiterated a “sell” rating on shares of JA Solar Holdings, Co. in a report on Friday, September 8th. Credit Suisse Group set a $7.00 price objective on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 price objective on JA Solar Holdings, Co. and gave the company a “hold” rating in a report on Wednesday, August 23rd.

Shares of JA Solar Holdings, Co. (NASDAQ:JASO) traded down $0.18 on Tuesday, reaching $7.79. The company’s stock had a trading volume of 209,453 shares, compared to its average volume of 396,887. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.85 and a current ratio of 1.08. JA Solar Holdings, Co. has a 12-month low of $4.42 and a 12-month high of $8.48. The company has a market capitalization of $369.42, a PE ratio of 4.90 and a beta of 1.26.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $602.53 million. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue was up 41.8% compared to the same quarter last year. equities analysts expect that JA Solar Holdings, Co. will post 0.61 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in JA Solar Holdings, Co. by 63.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock valued at $1,101,000 after buying an additional 65,436 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new stake in JA Solar Holdings, Co. in the 1st quarter valued at approximately $622,000. TIAA CREF Investment Management LLC raised its position in JA Solar Holdings, Co. by 848.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock valued at $2,107,000 after buying an additional 296,800 shares during the last quarter. Shelton Capital Management raised its position in JA Solar Holdings, Co. by 55.0% in the 2nd quarter. Shelton Capital Management now owns 155,000 shares of the solar energy provider’s stock valued at $984,000 after buying an additional 55,000 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in JA Solar Holdings, Co. in the 2nd quarter valued at approximately $944,000. 23.36% of the stock is currently owned by institutional investors and hedge funds.

About JA Solar Holdings, Co.

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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