JinkoSolar Holding Co., Ltd. (JKS) Receives Average Rating of “Hold” from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.33.

JKS has been the topic of a number of recent analyst reports. Zacks Investment Research raised JinkoSolar from a “strong sell” rating to a “hold” rating in a report on Thursday, November 23rd. Roth Capital upped their price objective on JinkoSolar from $18.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Axiom Securities initiated coverage on JinkoSolar in a report on Thursday, September 21st. They set a “sell” rating and a $10.00 price objective on the stock. Finally, ValuEngine lowered JinkoSolar from a “buy” rating to a “hold” rating in a report on Saturday, December 9th.

Shares of JinkoSolar (NYSE:JKS) traded down $0.68 during mid-day trading on Monday, reaching $24.05. The company had a trading volume of 359,300 shares, compared to its average volume of 763,552. JinkoSolar has a 52-week low of $13.70 and a 52-week high of $30.50. The firm has a market capitalization of $782.76, a price-to-earnings ratio of 4.79, a PEG ratio of 3.12 and a beta of 1.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.77.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). JinkoSolar had a return on equity of 3.99% and a net margin of 4.36%. The business had revenue of $964.80 million for the quarter, compared to analyst estimates of $849.17 million. During the same period in the prior year, the company earned $1.40 EPS. The company’s revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that JinkoSolar will post 0.77 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of JKS. Aperio Group LLC acquired a new stake in JinkoSolar in the second quarter valued at $205,000. First Trust Advisors LP grew its holdings in JinkoSolar by 511.5% in the second quarter. First Trust Advisors LP now owns 124,208 shares of the semiconductor company’s stock valued at $2,584,000 after purchasing an additional 103,896 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in JinkoSolar by 35.7% in the second quarter. BNP Paribas Arbitrage SA now owns 23,097 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 6,080 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in JinkoSolar in the second quarter valued at $377,000. Finally, Teachers Advisors LLC acquired a new stake in JinkoSolar in the second quarter valued at $2,018,000. 21.34% of the stock is currently owned by institutional investors.

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JinkoSolar 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.

Analyst Recommendations for JinkoSolar (NYSE:JKS)

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