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

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have earned an average rating of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.60.

Several research firms recently issued reports on JKS. The Goldman Sachs Group dropped their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, April 11th. UBS Group dropped their price target on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. Finally, Roth Mkm reissued a “neutral” rating and issued a $25.00 target price on shares of JinkoSolar in a research note on Tuesday, April 30th.

JinkoSolar Price Performance

Shares of NYSE JKS opened at $20.73 on Friday. The stock has a fifty day simple moving average of $25.03 and a two-hundred day simple moving average of $26.94. JinkoSolar has a 1-year low of $19.93 and a 1-year high of $46.47. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 3.23 and a beta of 0.44. The company has a current ratio of 1.03, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.83. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.27 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. Analysts anticipate that JinkoSolar will post 4.03 earnings per share for the current year.

Hedge Funds Weigh In On JinkoSolar

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of JinkoSolar during the 3rd quarter valued at $1,726,000. Vanguard Group Inc. lifted its holdings in shares of JinkoSolar by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,554,356 shares of the semiconductor company’s stock valued at $47,206,000 after buying an additional 27,438 shares during the period. SG Americas Securities LLC increased its stake in shares of JinkoSolar by 34.3% in the 4th quarter. SG Americas Securities LLC now owns 110,786 shares of the semiconductor company’s stock worth $4,092,000 after purchasing an additional 28,304 shares in the last quarter. Signaturefd LLC increased its stake in shares of JinkoSolar by 202.1% in the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 673 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in shares of JinkoSolar in the 4th quarter worth $126,000. 35.82% of the stock is owned by institutional investors.

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.