JinkoSolar Holding Co. Given Average Recommendation of “Buy” by Analysts (NYSE:JKS)
Shares of JinkoSolar Holding Co. (NYSE:JKS) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, StockRatingsNetwork reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $44.02.
A number of analysts have recently weighed in on JKS shares. Analysts at Barclays initiated coverage on shares of JinkoSolar Holding Co. in a research note on Monday. They set an “overweight” rating and a $51.00 price target on the stock. Separately, analysts at Dougherty & Co initiated coverage on shares of JinkoSolar Holding Co. in a research note on Tuesday, March 11th. They set a “buy” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of JinkoSolar Holding Co. in a research note on Friday, March 7th. They set a “neutral” rating on the stock.
JinkoSolar Holding Co. (NYSE:JKS) traded up 7.06% during mid-day trading on Tuesday, hitting $29.2268. The stock had a trading volume of 1,211,892 shares. JinkoSolar Holding Co. has a 52 week low of $4.80 and a 52 week high of $37.98. The stock has a 50-day moving average of $31.31 and a 200-day moving average of $28.80. The company has a market cap of $789.5 million and a price-to-earnings ratio of 21.84.
JinkoSolar Holding Co. (NYSE:JKS) last issued its quarterly earnings data on Monday, March 3rd. The company reported $1.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.65. The company had revenue of $361.40 million for the quarter, compared to the consensus estimate of $346.63 million. During the same quarter last year, the company posted ($1.26) earnings per share. On average, analysts predict that JinkoSolar Holding Co. will post $3.54 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.
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