JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Average Rating of “Reduce” by Brokerages

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been assigned an average recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research 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 brokers that have issued a report on the stock in the last year is $26.60.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, April 11th. Daiwa Capital Markets cut JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Monday, February 5th. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Roth Capital cut shares of JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. Finally, Roth Mkm restated a “neutral” rating and set a $25.00 price target on shares of JinkoSolar in a report on Tuesday, April 30th.

JinkoSolar Price Performance

NYSE:JKS opened at $26.11 on Friday. JinkoSolar has a 52-week low of $21.06 and a 52-week high of $47.85. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.39 billion, a P/E ratio of 4.07 and a beta of 0.38. The business’s 50-day moving average price is $24.83 and its 200 day moving average price is $28.80.

JinkoSolar (NYSE:JKS) last released its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. As a group, sell-side analysts predict that JinkoSolar will post 3.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JinkoSolar

A number of large investors have recently made changes to their positions in JKS. Banco BTG Pactual S.A. purchased a new position in JinkoSolar during the first quarter valued at approximately $207,000. GSA Capital Partners LLP boosted its stake in shares of JinkoSolar by 372.9% during the 1st quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock valued at $1,948,000 after buying an additional 60,992 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of JinkoSolar by 117.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 4,100 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in shares of JinkoSolar by 81.6% in the first quarter. Capstone Investment Advisors LLC now owns 29,625 shares of the semiconductor company’s stock worth $746,000 after acquiring an additional 13,314 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of JinkoSolar by 31.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,588 shares of the semiconductor company’s stock worth $1,300,000 after acquiring an additional 12,464 shares in 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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.