Vivint Solar, Inc. (VSLR): Start Paying Attention to Revised Ratings

Vivint Solar, Inc. (VSLR) shares saw a recent bid of $4.00 and 1.76M shares have exchanged hands in the recent trading session, yielding a 21.21% gain over the past week. The stock price increased 9.59% or $-0.35 versus $3.65 at the end of the prior session. This change led market cap to move at $443.06M, putting the price 8.11% below the 52-week high and 60.00% above the 52-week low. The company’s stock has a normal trading capacity of 420.14K shares while the relative volume is 4.36.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $4.40 while $6.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $1.6 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $2.50, which would be decrease of about -38% of its current value. The mean target of $4.00 should be compared with the price when the stock was languishing around $2.50 a share. And it remains to be seen which target price VSLR can achieve without sacrificing much as the company is holding a 31.58% gain for the past twelve months.

By historical standards, Vivint Solar, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 7.54 times earnings, below the average P/E ratio of 9.39 times earnings. For now, Vivint Solar, Inc. is the toast of Wall Street as its ABR stands at 2.70 with 2 out of 6 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Vivint Solar, Inc. has a 6.69% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Vivint Solar, Inc. has far performed well this year, with the share price up 56.86% since January. Over the past 2 quarters, the stock is up 40.35%, compared with a gain of nearly 45.45% for 3 months and about 45.45% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $-0.50, smashing the consensus of $-0.42 per share. Revenue for the quarter also killed consensus, coming in at $53.11M, compared to the consensus of 47.09M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.40. The company is expected to report EPS as high as $-0.21 and as low as $-0.52 per share. Similarly, full-year EPS forecasts have ranged between $-2.01 and $-1.37. The mean EPS estimate is $-1.74. On the other side, sales forecasts for the current quarter are $65.28M. The stock is expected to report revenue as high as $75.6M and as low as $51.86M per share. Similarly, full-year sales forecasts have ranged between $249.82M and $308.6M. The mean revenue estimate is $268.95M.

Over the last 5 years, Analysts are expecting EPS growth rates to be at 34.20% this quarter and EPS estimate for next year reflect 9.80% growth rate.

Sell-side analysts also have something to say about this company. Goldman raised its rating on Vivint Solar, Inc. to Neutral on 07/10/2016 in a reversal from its prior Sell rating. JMP Securities analysts stated on 08/09/2016 that they launched coverage on this stock with Mkt Perform rating. Deutsche Bank analysts stated on 09/08/2016 that they maintained their Buy rating.

Vivint Solar, Inc. (VSLR): Start Paying Attention to Revised Ratings was last modified: June 19th, 2017 by Rosemary Becker
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