JinkoSolar Holding Co., Ltd. (JKS) Receives Average Recommendation of “Buy” from Brokerages
JinkoSolar Holding Co., Ltd. (NYSE:JKS) has earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $25.30.
Separately, Credit Suisse Group AG reissued a “buy” rating and set a $20.00 target price on shares of JinkoSolar Holding Co. in a research report on Wednesday, March 1st.
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JinkoSolar Holding Co. (NYSE:JKS) traded up 6.61% during midday trading on Friday, reaching $18.39. 1,657,780 shares of the company’s stock were exchanged. The stock has a market capitalization of $582.65 million, a price-to-earnings ratio of 2.26 and a beta of 2.03. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $15.82. JinkoSolar Holding Co. has a 12-month low of $12.72 and a 12-month high of $24.04.
JinkoSolar Holding Co. (NYSE:JKS) last posted its earnings results on Monday, February 27th. The semiconductor company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.23. JinkoSolar Holding Co. had a net margin of 5.28% and a return on equity of 33.72%. The company had revenue of $737.65 million during the quarter, compared to analysts’ expectations of $715.13 million. During the same quarter in the prior year, the company posted $2.44 earnings per share. JinkoSolar Holding Co.’s revenue for the quarter was down 21.3% compared to the same quarter last year. On average, equities analysts forecast that JinkoSolar Holding Co. will post $2.83 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in JinkoSolar Holding Co. during the fourth quarter worth about $178,000. SG Americas Securities LLC boosted its position in JinkoSolar Holding Co. by 17.3% in the first quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock worth $191,000 after buying an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in JinkoSolar Holding Co. by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock worth $195,000 after buying an additional 779 shares in the last quarter. KBC Group NV boosted its position in JinkoSolar Holding Co. by 34.6% in the first quarter. KBC Group NV now owns 11,864 shares of the semiconductor company’s stock worth $197,000 after buying an additional 3,050 shares in the last quarter. Finally, FNY Partners Fund LP boosted its position in JinkoSolar Holding Co. by 1,180.0% in the first quarter. FNY Partners Fund LP now owns 12,800 shares of the semiconductor company’s stock worth $212,000 after buying an additional 11,800 shares in the last quarter. 18.21% of the stock is owned by institutional investors and hedge funds.
JinkoSolar Holding Co. Company Profile
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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