JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) has received an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.60.
JKS has been the subject of several analyst reports. Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. UBS Group reduced their price target on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. The Goldman Sachs Group lowered their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Thursday, April 11th. Roth Mkm reissued a “neutral” rating and issued a $25.00 target price on shares of JinkoSolar in a report on Tuesday, April 30th. Finally, StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Friday, May 3rd.
Check Out Our Latest Stock Analysis on JKS
Hedge Funds Weigh In On JinkoSolar
JinkoSolar Trading Down 0.7 %
JinkoSolar stock opened at $20.57 on Friday. The business has a 50-day simple moving average of $25.00 and a two-hundred day simple moving average of $26.78. JinkoSolar has a 52-week low of $19.93 and a 52-week high of $46.47. 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 company has a market cap of $1.09 billion, a P/E ratio of 3.21 and a beta of 0.39.
JinkoSolar (NYSE:JKS – Get Free Report) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.83. JinkoSolar had a net margin of 2.74% and a return on equity of 11.12%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.27 billion. Analysts predict that JinkoSolar will post 4.03 EPS for the current year.
About JinkoSolar
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.
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