JinkoSolar (JKS) Given a $22.00 Price Target at Credit Suisse Group

JinkoSolar (NYSE:JKS) has been given a $22.00 price objective by equities research analysts at Credit Suisse Group in a research note issued on Wednesday, February 7th. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Credit Suisse Group’s target price suggests a potential upside of 21.15% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut JinkoSolar from a “buy” rating to a “sell” rating in a research report on Wednesday, February 7th. Vertical Research assumed coverage on JinkoSolar in a research report on Friday, February 2nd. They issued a “sell” rating on the stock. Vertical Group assumed coverage on JinkoSolar in a research report on Friday, February 2nd. They issued a “sell” rating on the stock. Goldman Sachs Group assumed coverage on JinkoSolar in a research report on Tuesday, January 9th. They issued a “sell” rating and a $16.00 price target on the stock. Finally, ValuEngine cut JinkoSolar from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Seven research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $19.14.

JinkoSolar (NYSE:JKS) opened at $18.16 on Wednesday. JinkoSolar has a twelve month low of $14.95 and a twelve month high of $30.50. The company has a current ratio of 1.02, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $589.83, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.60.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in JinkoSolar by 0.4% in the 2nd quarter. State Street Corp now owns 89,099 shares of the semiconductor company’s stock valued at $1,854,000 after acquiring an additional 345 shares in the last quarter. Royal Bank of Canada lifted its position in JinkoSolar by 2.0% in the 2nd quarter. Royal Bank of Canada now owns 27,315 shares of the semiconductor company’s stock valued at $568,000 after acquiring an additional 535 shares in the last quarter. SG Americas Securities LLC lifted its position in JinkoSolar by 22.3% in the 3rd quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 2,100 shares in the last quarter. California Public Employees Retirement System lifted its position in JinkoSolar by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 57,291 shares of the semiconductor company’s stock valued at $1,429,000 after acquiring an additional 3,191 shares in the last quarter. Finally, Shelton Capital Management lifted its position in JinkoSolar by 9.5% in the 3rd quarter. Shelton Capital Management now owns 46,000 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 4,000 shares in the last quarter. 21.39% of the stock is currently owned by institutional investors and hedge funds.

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About JinkoSolar

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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