JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Consensus Recommendation of “Hold” from Brokerages

JinkoSolar Holding Co., Ltd. (NYSE:JKSGet Rating) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.53.

A number of analysts have recently weighed in on JKS shares. UBS Group upped their target price on shares of JinkoSolar from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 24th. Zacks Investment Research downgraded shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Finally, StockNews.com assumed coverage on shares of JinkoSolar in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in JinkoSolar by 5.3% during the 4th quarter. Stifel Financial Corp now owns 5,283 shares of the semiconductor company’s stock valued at $243,000 after acquiring an additional 266 shares during the period. American Century Companies Inc. lifted its stake in JinkoSolar by 2.6% during the 3rd quarter. American Century Companies Inc. now owns 11,971 shares of the semiconductor company’s stock valued at $548,000 after acquiring an additional 298 shares during the period. Banque Cantonale Vaudoise lifted its stake in JinkoSolar by 3.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 8,855 shares of the semiconductor company’s stock valued at $406,000 after acquiring an additional 300 shares during the period. Vontobel Holding Ltd. lifted its stake in JinkoSolar by 0.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 128,150 shares of the semiconductor company’s stock valued at $5,871,000 after acquiring an additional 350 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of JinkoSolar by 25.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,031 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 407 shares during the period. 57.80% of the stock is currently owned by institutional investors.

JinkoSolar stock traded up $2.50 during mid-day trading on Monday, reaching $50.35. 926,472 shares of the company traded hands, compared to its average volume of 1,353,250. The firm’s 50 day moving average price is $47.40 and its 200 day moving average price is $48.78. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 218.92 and a beta of 0.98. JinkoSolar has a 52-week low of $28.39 and a 52-week high of $66.37.

JinkoSolar (NYSE:JKSGet Rating) last released its earnings results on Wednesday, March 23rd. The semiconductor company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.18). The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.14 billion. JinkoSolar had a return on equity of 4.09% and a net margin of 1.76%. The firm’s quarterly revenue was up 78.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, analysts anticipate that JinkoSolar will post 2.91 EPS for the current fiscal year.

About JinkoSolar (Get Rating)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects.

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