JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.00.

JKS has been the subject of several recent research reports. UBS Group lowered JinkoSolar from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $25.00 in a research report on Monday, June 17th. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Roth Capital set a $24.00 price target on JinkoSolar and gave the stock a “buy” rating in a research report on Monday, May 20th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $6.00 price target on shares of Deutsche Bank in a research report on Monday, July 1st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JKS. Hanson & Doremus Investment Management bought a new position in shares of JinkoSolar in the 1st quarter worth $30,000. CENTRAL TRUST Co increased its position in JinkoSolar by 125.6% during the 1st quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 1,390 shares in the last quarter. Two Sigma Advisers LP acquired a new position in JinkoSolar during the 4th quarter valued at about $157,000. Mackenzie Financial Corp increased its position in JinkoSolar by 6.4% during the 4th quarter. Mackenzie Financial Corp now owns 16,330 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 979 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in JinkoSolar during the 1st quarter valued at about $172,000. 37.61% of the stock is owned by hedge funds and other institutional investors.

Shares of JKS stock traded up $0.29 during mid-day trading on Friday, hitting $20.28. The stock had a trading volume of 61,537 shares, compared to its average volume of 666,069. JinkoSolar has a 12-month low of $7.11 and a 12-month high of $24.84. The firm has a market capitalization of $570.32 million, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.39 and a beta of 2.07. The stock has a 50-day moving average of $21.85. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.29.

JinkoSolar (NYSE:JKS) last issued its earnings results on Friday, June 28th. The semiconductor company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). JinkoSolar had a return on equity of 5.35% and a net margin of 1.68%. The firm had revenue of $845.90 million during the quarter, compared to analysts’ expectations of $976.85 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. JinkoSolar’s quarterly revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that JinkoSolar will post 2.79 earnings per share for the current fiscal year.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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