Brokerages Set JinkoSolar Holding Co., Ltd. (NYSE:JKS) Target Price at $27.19

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been assigned a consensus rating of “Reduce” from the six research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.19.

JKS has been the topic of several research analyst reports. UBS Group lowered their target price on shares of JinkoSolar from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Glj Research lowered their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on JinkoSolar from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, March 27th. Finally, Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th.

JinkoSolar Price Performance

Shares of NYSE:JKS opened at $17.00 on Friday. The firm’s 50 day moving average is $19.38 and its two-hundred day moving average is $22.08. The firm has a market capitalization of $903.64 million, a P/E ratio of 28.81 and a beta of 0.17. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. JinkoSolar has a 52 week low of $13.42 and a 52 week high of $37.36.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.55). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The business had revenue of $20.65 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s revenue was down 37.1% compared to the same quarter last year. Analysts anticipate that JinkoSolar will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA acquired a new stake in shares of JinkoSolar during the fourth quarter worth $5,948,000. Balyasny Asset Management L.P. increased its stake in JinkoSolar by 1,592.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 129,385 shares of the semiconductor company’s stock worth $3,222,000 after purchasing an additional 121,740 shares in the last quarter. Millennium Management LLC acquired a new stake in JinkoSolar during the 4th quarter worth about $2,846,000. AI Squared Management Ltd purchased a new stake in JinkoSolar during the fourth quarter valued at about $2,336,000. Finally, SG Americas Securities LLC acquired a new position in shares of JinkoSolar in the fourth quarter worth about $1,435,000. Institutional investors own 35.82% of the company’s stock.

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.