JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $26.60 Average PT from Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been given an average rating of “Reduce” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.60.

A number of analysts have commented on the stock. HSBC reaffirmed a “hold” rating and set a $30.00 price objective on shares of JinkoSolar in a research note on Monday, February 5th. UBS Group cut their price objective on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. StockNews.com lowered shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. Finally, Roth Capital lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st.

JinkoSolar Stock Performance

Shares of JKS opened at $21.69 on Monday. The firm has a 50-day moving average price of $25.54 and a 200 day moving average price of $29.41. The firm has a market capitalization of $1.14 billion, a PE ratio of 2.76 and a beta of 0.37. The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. JinkoSolar has a 52-week low of $21.25 and a 52-week high of $50.60.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.08 billion. On average, sell-side analysts anticipate that JinkoSolar will post 5.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JinkoSolar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in JinkoSolar by 10.0% during the third quarter. Invesco Ltd. now owns 1,657,885 shares of the semiconductor company’s stock valued at $50,350,000 after purchasing an additional 150,262 shares during the last quarter. GSA Capital Partners LLP acquired a new position in JinkoSolar during the third quarter valued at approximately $1,726,000. Mackenzie Financial Corp grew its holdings in JinkoSolar by 22.6% during the third quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock valued at $78,895,000 after purchasing an additional 493,976 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of JinkoSolar by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,554,356 shares of the semiconductor company’s stock worth $47,206,000 after acquiring an additional 27,438 shares during the last quarter. Finally, Aigen Investment Management LP grew its stake in shares of JinkoSolar by 160.4% in the third quarter. Aigen Investment Management LP now owns 39,529 shares of the semiconductor company’s stock worth $1,200,000 after acquiring an additional 24,351 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Company Profile

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; and develops commercial solar power projects.