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

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been assigned a consensus rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.60.

A number of analysts recently weighed in on JKS shares. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, September 3rd. Finally, Roth Mkm decreased their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th.

JinkoSolar Price Performance

JKS opened at $22.19 on Tuesday. The company has a fifty day moving average price of $23.38 and a two-hundred day moving average price of $22.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The firm has a market capitalization of $1.18 billion, a PE ratio of 37.61 and a beta of 0.44. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $38.37.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.92. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.85 billion. As a group, analysts anticipate that JinkoSolar will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JKS. Signaturefd LLC lifted its holdings in shares of JinkoSolar by 108.0% in the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 647 shares in the last quarter. Barclays PLC lifted its stake in JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 537 shares in the last quarter. Headlands Technologies LLC boosted its position in JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 3,476 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 5,265 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of JinkoSolar by 15.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 1,200 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

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.