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

JinkoSolar Holding Company Limited (NYSE:JKS) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.3750.

JKS has been the topic of several analyst reports. Zacks Research downgraded JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 11th. UBS Group lifted their target price on JinkoSolar from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday. Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Tuesday, March 24th. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd.

Insider Buying and Selling at JinkoSolar

In related news, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $26.11, for a total transaction of $417,760.00. Following the transaction, the director directly owned 186,000 shares in the company, valued at approximately $4,856,460. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Xianhua Li sold 1,280,000 shares of JinkoSolar stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total value of $32,678,400.00. Following the transaction, the director owned 10,349,612 shares in the company, valued at $264,225,594.36. This trade represents a 11.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JinkoSolar

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise lifted its position in shares of JinkoSolar by 37.5% in the first quarter. Banque Cantonale Vaudoise now owns 3,079 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 839 shares in the last quarter. Trexquant Investment LP lifted its position in shares of JinkoSolar by 2.1% in the fourth quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company’s stock valued at $1,094,000 after acquiring an additional 889 shares in the last quarter. Profund Advisors LLC lifted its position in shares of JinkoSolar by 5.3% in the third quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 937 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of JinkoSolar by 7.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company’s stock valued at $440,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of JinkoSolar in the second quarter valued at about $47,000. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

JinkoSolar Stock Performance

JKS stock opened at $23.27 on Monday. The company has a market cap of $1.22 billion, a P/E ratio of -2.39 and a beta of 0.52. JinkoSolar has a 1 year low of $17.53 and a 1 year high of $31.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. The stock’s fifty day moving average price is $23.62 and its 200-day moving average price is $25.56.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%. On average, equities analysts forecast that JinkoSolar will post -2.76 earnings per share for the current year.

About JinkoSolar

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.