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

JinkoSolar Holding Company Limited (NYSE:JKS) has received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.3333.

Several equities research analysts have issued reports on JKS shares. Roth Mkm raised their target price on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research raised shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. 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 note on Wednesday, December 24th. Finally, The Goldman Sachs Group boosted their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Wednesday, November 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of JinkoSolar by 51.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock worth $719,000 after acquiring an additional 11,500 shares during the period. XTX Topco Ltd acquired a new position in shares of JinkoSolar during the second quarter valued at approximately $1,160,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in JinkoSolar by 18.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 3,608 shares in the last quarter. SG Americas Securities LLC lifted its position in JinkoSolar by 63.0% in the third 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 during the period. Finally, FNY Investment Advisers LLC bought a new position in JinkoSolar during the 3rd quarter valued at $225,000. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Trading Down 0.1%

Shares of JinkoSolar stock opened at $27.74 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $26.85 and its 200-day simple moving average is $25.03. The stock has a market cap of $1.43 billion, a P/E ratio of -3.03 and a beta of 0.52. JinkoSolar has a 1-year low of $13.42 and a 1-year high of $31.88.

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