JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Recommendation of “Strong Sell” by Analysts

JinkoSolar Holding Company Limited (NYSE:JKS) has received an average recommendation of “Strong Sell” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $19.4875.

JKS has been the subject of a number of analyst reports. UBS Group reissued a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. The Goldman Sachs Group boosted their price target on JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Roth Capital upped their target price on JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 21st.

Institutional Investors Weigh In On JinkoSolar

Several hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC purchased a new stake in JinkoSolar in the second quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar in the 2nd quarter valued at $47,000. New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar during the 3rd quarter valued at $182,000. FNY Investment Advisers LLC purchased a new stake in shares of JinkoSolar during the 3rd quarter valued at $225,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of JinkoSolar by 7,759.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,082 shares of the semiconductor company’s stock worth $235,000 after buying an additional 10,941 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Stock Down 1.7%

Shares of NYSE:JKS opened at $25.86 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.34 billion, a P/E ratio of -2.83 and a beta of 0.52. JinkoSolar has a 52-week low of $13.42 and a 52-week high of $31.88. The stock’s fifty day simple moving average is $26.19 and its 200-day simple moving average is $24.24.

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

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.