JinkoSolar Holding Co. Given Consensus Rating of “Buy” by Brokerages (NYSE:JKS)
Shares of JinkoSolar Holding Co. (NYSE:JKS) have earned an average rating of “Buy” from the nine analysts that are presently covering the stock, Stock Ratings News reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $41.27.
Several analysts have recently commented on the stock. 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.
JinkoSolar Holding Co. (NYSE:JKS) opened at 27.50 on Monday. JinkoSolar Holding Co. has a 1-year low of $12.69 and a 1-year high of $37.98. The stock has a 50-day moving average of $26.91 and a 200-day moving average of $28.23. The company has a market cap of $849.1 million and a price-to-earnings ratio of 16.30.
JinkoSolar Holding Co. (NYSE:JKS) last released its earnings data 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. Analysts expect that JinkoSolar Holding Co. will post $2.88 EPS for the current fiscal year.
JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.
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