JinkoSolar Holding Co. Receives Average Recommendation of “Buy” from Analysts (NYSE:JKS)
Shares of JinkoSolar Holding Co. (NYSE:JKS) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Analyst Ratings News reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.27.
A number of research firms have recently commented on JKS. Analysts at Zacks upgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $31.40 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of JinkoSolar Holding Co. in a research note on Monday, July 7th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of JinkoSolar Holding Co. in a research note on Friday, June 20th. They set an “outperform” rating and a $45.00 price target on the stock.
Shares of JinkoSolar Holding Co. (NYSE:JKS) opened at 25.38 on Monday. JinkoSolar Holding Co. has a 52 week low of $12.69 and a 52 week high of $37.98. The stock’s 50-day moving average is $27.26 and its 200-day moving average is $28.4. The company has a market cap of $783.7 million and a price-to-earnings ratio of 15.17.
JinkoSolar Holding Co. (NYSE:JKS) last announced its earnings results on Tuesday, May 27th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.20. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $288.50 million. During the same quarter last year, the company posted ($0.92) earnings per share. JinkoSolar Holding Co.’s revenue was up 72.9% compared to the same quarter last year. On average, analysts predict that JinkoSolar Holding Co. will post $3.23 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.
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