SolarCity Corp (SCTY) was downgraded by Robert W. Baird analysts to ‘Neutral’ from a ‘Outperform’ rating Tuesday. The firm however, maintained its $83.00 price target on the stock, which represents a potential upside of 15.27% from ticker’s Monday close.
Speaking from a valuation-measure perspective, shares of SolarCity have a P/E to growth ratio of 0.46 and a t-12 Price/sales ratio of 30.15. EPS is at ($0.47).
Profitability-wise, SCTY’s t-12 profit margin currently stands at (21.35%) while operating ones are at (102.71%). The company reported $405.26 million in cash vs. $881.27 in debt in its most recent quarter. SCTY was down 1.30% at $71.11 recently, within a 52-week range of $28.31 to $88.35. Ticker currently prints a one year return of about 94% and a year-to-date return of around 27%. SolarCity has a market cap of $6.68 billion and a median Wall Street price target of $92.00 with a high target of $98.00.
The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.
SolarCity designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. The company was founded in 2006 and is headquartered in San Mateo, California.