Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have received a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.40.
JKS has been the subject of several analyst reports. ValuEngine raised JinkoSolar from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised JinkoSolar from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Credit Suisse Group downgraded JinkoSolar from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research note on Tuesday, August 22nd. Axiom Securities initiated coverage on JinkoSolar in a research note on Thursday, September 21st. They issued a “sell” rating and a $10.00 price objective for the company. Finally, Roth Capital increased their price objective on JinkoSolar from $18.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th.
Shares of JinkoSolar (NYSE:JKS) traded up $0.66 during trading on Thursday, hitting $24.48. The stock had a trading volume of 1,247,988 shares, compared to its average volume of 782,009. The stock has a market capitalization of $764.20, a P/E ratio of 10.62, a PEG ratio of -3.05 and a beta of 1.86. JinkoSolar has a 12-month low of $13.70 and a 12-month high of $30.50. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07.
JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.49). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $998.22 million. JinkoSolar had a return on equity of 7.88% and a net margin of 5.42%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. equities analysts expect that JinkoSolar will post 0.77 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. J&P China Capital Management CO. Ltd. grew its holdings in shares of JinkoSolar by 19.2% in the third quarter. J&P China Capital Management CO. Ltd. now owns 1,360,255 shares of the semiconductor company’s stock valued at $33,938,000 after acquiring an additional 219,302 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JinkoSolar by 45.3% in the second quarter. Dimensional Fund Advisors LP now owns 890,728 shares of the semiconductor company’s stock valued at $18,526,000 after acquiring an additional 277,537 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of JinkoSolar by 103.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 371,300 shares of the semiconductor company’s stock valued at $9,264,000 after acquiring an additional 189,170 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of JinkoSolar by 1,601.1% in the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock valued at $6,546,000 after acquiring an additional 296,200 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of JinkoSolar in the third quarter valued at approximately $4,559,000. 21.34% of the stock is owned by institutional investors.
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JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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