JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Recommendation of “Strong Sell” by Brokerages

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been assigned an average rating of “Strong Sell” from the seven brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $19.4875.

A number of analysts recently commented on the stock. UBS Group reissued a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of JinkoSolar in a research report on Wednesday, December 24th. Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Roth Capital raised their price objective on JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group boosted their target price on JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, November 19th.

JinkoSolar Trading Down 1.7%

NYSE:JKS opened at $25.86 on Friday. The stock has a fifty day moving average price of $26.19 and a two-hundred day moving average price of $24.24. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -2.83 and a beta of 0.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.30. JinkoSolar has a 1 year low of $13.42 and a 1 year high of $31.88.

JinkoSolar (NYSE:JKS) last issued its earnings results on Monday, November 17th. The semiconductor company reported ($2.30) EPS for the quarter, topping the consensus estimate of ($2.56) by $0.26. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.72 billion. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. As a group, sell-side analysts anticipate that JinkoSolar will post -0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JinkoSolar

A number of large investors have recently added to or reduced their stakes in JKS. MTM Investment Management LLC acquired a new position in JinkoSolar during the second quarter worth about $28,000. Raymond James Financial Inc. acquired a new stake in shares of JinkoSolar in the second quarter valued at approximately $47,000. New York State Common Retirement Fund purchased a new position in shares of JinkoSolar during the 3rd quarter worth approximately $182,000. FNY Investment Advisers LLC acquired a new position in shares of JinkoSolar during the 3rd quarter worth approximately $225,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in JinkoSolar in the 3rd quarter valued at approximately $252,000. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Company Profile

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.