JinkoSolar Holding Company Limited (NYSE:JKS) Given Average Rating of “Strong Sell” by Brokerages

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been assigned an average rating of “Strong Sell” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.4875.

JKS has been the topic of several analyst reports. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. UBS Group restated a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JinkoSolar in a report on Wednesday, October 8th. Roth Capital boosted their target price on shares of JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Finally, The Goldman Sachs Group increased their price target on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Wednesday, November 19th.

JinkoSolar Trading Down 2.2%

Shares of JinkoSolar stock opened at $24.25 on Monday. The stock has a market cap of $1.25 billion, a PE ratio of -2.65 and a beta of 0.49. The firm has a fifty day moving average price of $25.04 and a 200 day moving average price of $23.25. JinkoSolar has a 1 year low of $13.42 and a 1 year high of $31.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, topping the consensus estimate of ($2.56) by $0.26. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.72 billion. JinkoSolar had a negative return on equity of 8.96% and a negative net margin of 4.98%. Equities research analysts predict that JinkoSolar will post -0.24 earnings per share for the current year.

Institutional Investors Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of JKS. Progeny 3 Inc. acquired a new position in JinkoSolar in the 3rd quarter valued at $2,341,000. Millennium Management LLC purchased a new stake in shares of JinkoSolar during the third quarter worth $1,765,000. Man Group plc purchased a new stake in shares of JinkoSolar during the third quarter worth $329,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of JinkoSolar in the third quarter valued at about $512,000. Finally, Two Sigma Investments LP purchased a new position in shares of JinkoSolar in the third quarter worth about $384,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.