JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Average Rating of “Reduce” from Brokerages

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received an average rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.60.

A number of equities analysts have weighed in on JKS shares. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price target on shares of JinkoSolar in a research report on Tuesday, April 30th. Roth Capital downgraded shares of JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. Daiwa Capital Markets cut shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Monday, February 5th. The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, April 11th. Finally, UBS Group dropped their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 673 shares during the period. Headlands Technologies LLC bought a new position in shares of JinkoSolar during the 3rd quarter worth approximately $31,000. Van ECK Associates Corp boosted its stake in shares of JinkoSolar by 16.0% during the 3rd quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 1,987 shares during the period. California Public Employees Retirement System increased its holdings in shares of JinkoSolar by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company’s stock worth $2,242,000 after acquiring an additional 2,142 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in JinkoSolar during the 4th quarter valued at $126,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Price Performance

Shares of NYSE JKS opened at $26.11 on Friday. The company has a fifty day moving average price of $24.83 and a 200 day moving average price of $28.80. The firm has a market cap of $1.39 billion, a PE ratio of 4.07 and a beta of 0.38. The company has a current ratio of 1.03, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. JinkoSolar has a 1-year low of $21.06 and a 1-year high of $47.85.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. Research analysts predict that JinkoSolar will post 3.84 earnings per share for the current fiscal year.

JinkoSolar Company Profile

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.