Zacks: Analysts Set $7.00 Price Target for Hanwha Q Cells Co Ltd -ADR (HQCL)

Shares of Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) have been given an average broker rating score of 0.00 () from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $7.00 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Hanwha Q Cells Co Ltd -ADR an industry rank of 220 out of 265 based on the ratings given to its competitors.

HQCL has been the topic of several research analyst reports. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price target (down previously from $13.00) on shares of Hanwha Q Cells Co Ltd -ADR in a research report on Monday, November 28th. Zacks Investment Research cut shares of Hanwha Q Cells Co Ltd -ADR from a “hold” rating to a “sell” rating in a research report on Friday.

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Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) opened at 6.95 on Monday. The stock has a market capitalization of $578.11 million, a P/E ratio of 3.36 and a beta of 1.98. Hanwha Q Cells Co Ltd -ADR has a 12-month low of $6.50 and a 12-month high of $16.88. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $9.34.

Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) last issued its quarterly earnings results on Thursday, March 23rd. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.05 by $0.36. Hanwha Q Cells Co Ltd -ADR had a return on equity of 42.02% and a net margin of 6.73%. The company had revenue of $565.90 million for the quarter, compared to the consensus estimate of $600.50 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. Analysts predict that Hanwha Q Cells Co Ltd -ADR will post $1.80 EPS for the current fiscal year.

A hedge fund recently raised its stake in Hanwha Q Cells Co Ltd -ADR stock. Guggenheim Capital LLC raised its stake in shares of Hanwha Q Cells Co Ltd -ADR (NASDAQ:HQCL) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 614,236 shares of the company’s stock after buying an additional 98,241 shares during the period. Guggenheim Capital LLC owned approximately 0.74% of Hanwha Q Cells Co Ltd -ADR worth $5,012,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.29% of the company’s stock.

About Hanwha Q Cells Co Ltd -ADR

Hanwha Q CELLS Co, Ltd., formerly Hanwha SolarOne Co, Ltd., is a global solar energy company engaged in the manufacturing of solar modules, and the development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules at its manufacturing facilities in China and Malaysia using manufacturing process technologies, including those developed at its research and development facilities in Germany.

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