JinkoSolar Holding Company Limited (NYSE:JKS) Receives Consensus Rating of “Hold” from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.1250.

JKS has been the subject of a number of analyst reports. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price for the company in a research note on Tuesday, March 24th. Zacks Research cut shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group decreased their target price on JinkoSolar from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th.

Institutional Trading of JinkoSolar

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in JinkoSolar by 9.9% during the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after acquiring an additional 3,394 shares in the last quarter. JPMorgan Chase & Co. increased its stake in JinkoSolar by 7,759.6% in the second quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock valued at $235,000 after purchasing an additional 10,941 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar during the second quarter valued at about $47,000. SG Americas Securities LLC boosted its position in shares of JinkoSolar by 63.0% during the 3rd quarter. SG Americas Securities LLC now owns 66,997 shares of the semiconductor company’s stock worth $1,610,000 after purchasing an additional 25,903 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of JinkoSolar during the 3rd quarter worth about $1,162,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

JinkoSolar stock opened at $25.67 on Thursday. The stock’s 50 day moving average is $24.00 and its 200 day moving average is $25.69. JinkoSolar has a one year low of $17.53 and a one year high of $31.88. The firm has a market cap of $1.34 billion, a P/E ratio of -2.64 and a beta of 0.53. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95.

JinkoSolar (NYSE:JKS) last released its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, research analysts expect that JinkoSolar will post -2.76 EPS for the current year.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.