JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $26.60 Average Price Target from Analysts

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 reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.60.

Several research firms have issued reports on JKS. HSBC restated a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research report on Monday, February 5th. The Goldman Sachs Group decreased their target price on shares of 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 reiterated a “neutral” rating and set a $25.00 target price (down from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. StockNews.com lowered shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Monday, February 5th.

Hedge Funds Weigh In On JinkoSolar

Several institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in JinkoSolar by 22.6% during the 3rd quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock valued at $78,895,000 after purchasing an additional 493,976 shares during the last quarter. BlackRock Inc. raised its stake in shares of JinkoSolar by 16.2% in the first quarter. BlackRock Inc. now owns 2,632,512 shares of the semiconductor company’s stock worth $127,123,000 after acquiring an additional 366,251 shares during the last quarter. Morgan Stanley raised its stake in shares of JinkoSolar by 65.7% in the third quarter. Morgan Stanley now owns 2,026,002 shares of the semiconductor company’s stock worth $61,530,000 after acquiring an additional 803,164 shares during the last quarter. Invesco Ltd. raised its stake in shares of JinkoSolar by 10.0% in the third quarter. Invesco Ltd. now owns 1,657,885 shares of the semiconductor company’s stock worth $50,350,000 after acquiring an additional 150,262 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of JinkoSolar by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company’s stock worth $58,240,000 after acquiring an additional 22,254 shares during the last quarter. 35.82% of the stock is owned by institutional investors.

JinkoSolar Stock Performance

NYSE:JKS opened at $21.57 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.13 billion, a PE ratio of 2.75 and a beta of 0.37. The firm’s fifty day simple moving average is $25.37 and its 200 day simple moving average is $29.31. JinkoSolar has a 1 year low of $21.06 and a 1 year high of $50.46.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.08 billion. JinkoSolar had a return on equity of 11.85% and a net margin of 2.89%. On average, sell-side analysts anticipate that JinkoSolar will post 5.27 EPS for the current year.

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; and develops commercial solar power projects.