JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Rating of “Hold” from Analysts

JinkoSolar Holding Company Limited (NYSE:JKS) has been given an average rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $22.3333.

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a report on Wednesday, December 24th. Roth Mkm raised their price objective on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a report on Friday, November 28th. Finally, Wall Street Zen cut JinkoSolar from a “hold” rating to a “sell” rating in a research note on Friday.

Institutional Investors Weigh In On JinkoSolar

A number of large investors have recently made changes to their positions in the company. Profund Advisors LLC boosted its stake in JinkoSolar by 5.3% in the 3rd quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 937 shares during the period. MTM Investment Management LLC purchased a new position in shares of JinkoSolar during the second quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in JinkoSolar during the second quarter valued at $47,000. Geode Capital Management LLC raised its position in JinkoSolar by 9.9% during the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 3,394 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in JinkoSolar by 18.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 3,608 shares in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Price Performance

NYSE:JKS opened at $27.74 on Tuesday. 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 business’s 50-day moving average price is $26.85 and its 200 day moving average price is $25.03. JinkoSolar has a 52-week low of $13.42 and a 52-week high of $31.88. The firm has a market cap of $1.43 billion, a P/E ratio of -3.03 and a beta of 0.52.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data 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 company had revenue of $2.27 billion during the quarter, compared to analyst estimates 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, sell-side analysts predict 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.