Analysts Set JinkoSolar Holding Co., Ltd. (NYSE:JKS) PT at $26.60

JinkoSolar Holding Co., Ltd. (NYSE:JKS) 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.

Hedge Funds Weigh In On JinkoSolar

Hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd boosted its position in shares of JinkoSolar by 105.9% during the third quarter. Quadrature Capital Ltd now owns 49,570 shares of the semiconductor company’s stock worth $1,506,000 after acquiring an additional 25,490 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of JinkoSolar during the third quarter worth $835,000. GSA Capital Partners LLP bought a new position in shares of JinkoSolar during the third quarter worth $1,726,000. Vanguard Group Inc. boosted its position in shares of JinkoSolar by 1.8% during 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, Green Alpha Advisors LLC boosted its position in shares of JinkoSolar by 35.5% during the fourth quarter. Green Alpha Advisors LLC now owns 62,319 shares of the semiconductor company’s stock worth $2,302,000 after acquiring an additional 16,338 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors.

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) 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.