JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $15.80 Average PT from Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have received a consensus rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.80.

JKS has been the topic of several recent analyst reports. ValuEngine upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Roth Capital set a $24.00 target price on shares of JinkoSolar and gave the company a “buy” rating in a research note on Monday, May 20th. Finally, Zacks Investment Research upgraded shares of JinkoSolar from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Thursday, May 23rd.

Shares of NYSE:JKS traded down $2.16 on Monday, hitting $22.47. The stock had a trading volume of 40,357 shares, compared to its average volume of 916,619. JinkoSolar has a twelve month low of $7.11 and a twelve month high of $24.84. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $19.92. The company has a market cap of $691.28 million, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.41 and a beta of 2.12.

JinkoSolar (NYSE:JKS) last issued its earnings results on Friday, March 22nd. The semiconductor company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.32). JinkoSolar had a net margin of 1.60% and a return on equity of 5.01%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts forecast that JinkoSolar will post 2.98 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management bought a new position in shares of JinkoSolar in the first quarter valued at about $30,000. CENTRAL TRUST Co raised its holdings in shares of JinkoSolar by 125.6% in the first quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 1,390 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of JinkoSolar in the fourth quarter valued at about $57,000. SG Americas Securities LLC bought a new position in shares of JinkoSolar in the first quarter valued at about $172,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of JinkoSolar by 5,868.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,341 shares of the semiconductor company’s stock valued at $204,000 after buying an additional 11,151 shares during the last quarter. 37.61% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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