Daqo New Energy Corp. (NYSE:DQ – Get Free Report) has received a consensus rating of “Reduce” from the four research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.63.
A number of equities analysts have commented on the stock. HSBC reiterated a “reduce” rating and issued a $17.50 target price (down from $23.50) on shares of Daqo New Energy in a report on Monday, May 6th. Daiwa Capital Markets restated an “underperform” rating and set a $25.00 price target on shares of Daqo New Energy in a research note on Friday, March 15th. Finally, Roth Mkm restated a “neutral” rating and set a $23.00 price target on shares of Daqo New Energy in a research note on Tuesday, April 30th.
View Our Latest Analysis on DQ
Institutional Investors Weigh In On Daqo New Energy
Daqo New Energy Stock Performance
Shares of Daqo New Energy stock opened at $18.41 on Wednesday. The company has a market capitalization of $1.22 billion, a PE ratio of 8.64 and a beta of 0.35. The company has a 50-day simple moving average of $21.07 and a two-hundred day simple moving average of $22.41. Daqo New Energy has a one year low of $17.30 and a one year high of $41.55.
Daqo New Energy (NYSE:DQ – Get Free Report) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). The firm had revenue of $415.31 million during the quarter, compared to the consensus estimate of $491.90 million. Daqo New Energy had a return on equity of 2.46% and a net margin of 7.84%. During the same quarter in the prior year, the firm posted $3.52 earnings per share. On average, equities analysts predict that Daqo New Energy will post 0.98 earnings per share for the current fiscal year.
About Daqo New Energy
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.
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