JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on JinkoSolar, with three sell, three hold, one buy and one strong-buy rating among eight firms. The average 12-month price target is $19.88, above the stock’s reported $12.42 price.
• JinkoSolar reported a significant quarterly miss, posting a loss of $2.53 per share versus the expected loss of $0.75, while revenue of $1.82 billion fell short of the $2.17 billion estimate.
• The stock has declined substantially, trading near its 12-month low of $11.87 compared with a high of $31.88. Recent analyst actions have generally been cautious, including target-price cuts and downgrades to “strong sell” and “hold.”

Shares of JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.8750.

JKS has been the subject of a number of recent research reports. UBS Group lifted their target price on JinkoSolar from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, May 29th. Weiss Ratings reissued a "sell (d)" rating on shares of JinkoSolar in a research report on Monday, August 3rd. Freedom Broker downgraded shares of JinkoSolar from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 27th. Zacks Research lowered JinkoSolar from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 3rd. Finally, Roth Capital cut their target price on JinkoSolar from $25.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, August 27th.

Insiders Place Their Bets

In other JinkoSolar news, Director Wing Siew sold 16,000 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total value of $263,840.00. Following the completion of the sale, the director directly owned 170,000 shares of the company's stock, valued at $2,803,300. The trade was a 8.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.80% of the stock is owned by insiders.

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of JKS. Banque Cantonale Vaudoise raised its stake in shares of JinkoSolar by 37.5% during the first quarter. Banque Cantonale Vaudoise now owns 3,079 shares of the semiconductor company's stock valued at $78,000 after acquiring an additional 839 shares in the last quarter. Trexquant Investment LP increased its holdings in JinkoSolar by 2.1% during the 4th quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company's stock worth $1,094,000 after purchasing an additional 889 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in JinkoSolar by 7.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company's stock valued at $440,000 after purchasing an additional 1,219 shares in the last quarter. Raymond James Financial Inc. bought a new stake in JinkoSolar during the 2nd quarter valued at $47,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of JinkoSolar by 18.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the semiconductor company's stock worth $454,000 after buying an additional 2,700 shares during the period. 35.82% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Stock Up 3.7%

Shares of NYSE:JKS opened at $12.42 on Wednesday. The company has a market cap of $650.38 million, a price-to-earnings ratio of -1.33 and a beta of 0.51. JinkoSolar has a 12 month low of $11.87 and a 12 month high of $31.88. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $20.23.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported ($2.53) earnings per share for the quarter, missing the consensus estimate of ($0.75) by ($1.78). JinkoSolar had a negative return on equity of 9.93% and a negative net margin of 5.85%.The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $2.17 billion. As a group, equities research analysts predict that JinkoSolar will post -5.63 earnings per share for the current year.

JinkoSolar Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd were paid a dividend of $1.50 per share. This represents a dividend yield of 837.0%. The ex-dividend date of this dividend was Monday, June 22nd. JinkoSolar's payout ratio is currently -15.86%.

About JinkoSolar

JinkoSolar Holding Co, Ltd. NYSE: JKS is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world's largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar's product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.

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