JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.50.
A number of research firms recently weighed in on JKS. ValuEngine cut JinkoSolar from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research upgraded JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, February 6th. Roth Capital upgraded JinkoSolar from a “neutral” rating to a “buy” rating and lowered their target price for the company from $20.00 to $11.50 in a research note on Monday, February 4th. Goldman Sachs Group upgraded JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, February 4th. Finally, TheStreet upgraded JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th.
Hedge funds have recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in shares of JinkoSolar during the first quarter worth about $30,000. CENTRAL TRUST Co lifted its position in shares of JinkoSolar by 125.6% during the first quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,390 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of JinkoSolar during the fourth quarter worth about $57,000. Wells Fargo & Company MN lifted its position in shares of JinkoSolar by 97.3% during the first quarter. Wells Fargo & Company MN now owns 9,274 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 4,573 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of JinkoSolar during the first quarter worth about $172,000. 29.27% of the stock is currently owned by institutional investors and hedge funds.
JKS stock traded up $0.59 during trading on Thursday, hitting $17.99. The company had a trading volume of 80,023 shares, compared to its average volume of 1,053,176. The stock has a market capitalization of $518.11 million, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.59 and a beta of 2.34. JinkoSolar has a 1-year low of $7.11 and a 1-year high of $21.80. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.31.
JinkoSolar (NYSE:JKS) last released its earnings results on Friday, March 22nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.32). JinkoSolar had a return on equity of 5.01% and a net margin of 1.60%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts expect that JinkoSolar will post 2.97 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.
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