JinkoSolar Holding Co. PT Raised to $45.00 at Credit Suisse (JKS)
Credit Suisse increased their target price on shares of JinkoSolar Holding Co. (NYSE:JKS) from $39.00 to $45.00 in a research note issued on Friday, Stock Ratings Network reports. Credit Suisse’s target price would indicate a potential upside of 27.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of JinkoSolar Holding Co. in a research note to investors on Monday, January 6th. They set a “buy” rating and a $45.60 price target on the stock. Separately, analysts at Zacks upgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 6th. They now have a $34.90 price target on the stock. Finally, analysts at Roth Capital raised their price target on shares of JinkoSolar Holding Co. from $18.00 to $40.00 in a research note to investors on Tuesday, November 19th. They now have a “buy” rating on the stock.
Shares of JinkoSolar Holding Co. (NYSE:JKS) traded down 0.96% on Friday, hitting $35.05. The stock had a trading volume of 1,852,099 shares. JinkoSolar Holding Co. has a 52-week low of $3.96 and a 52-week high of $37.98. The stock has a 50-day moving average of $30.63 and a 200-day moving average of $21.96. The company’s market cap is $942.0 million.
JinkoSolar Holding Co. (NYSE:JKS) last issued its quarterly earnings data on Monday, November 18th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.91. The company had revenue of $330.70 million for the quarter, compared to the consensus estimate of $302.22 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, analysts predict that JinkoSolar Holding Co. will post $1.14 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd. is a solar product manufacturer. The Company has built a vertically integrated solar product value chain from recovered silicon materials to solar modules.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.