JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Average Recommendation of "Reduce" from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has been assigned an average rating of "Reduce" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.19.

A number of equities analysts have issued reports on the company. Glj Research lowered their target price on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a report on Thursday, January 23rd. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. The Goldman Sachs Group decreased their price target on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, March 27th. Finally, UBS Group decreased their price objective on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, March 27th.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds have recently bought and sold shares of JKS. SG Americas Securities LLC bought a new stake in JinkoSolar in the fourth quarter worth approximately $1,435,000. Himension Capital Singapore PTE. LTD. increased its stake in JinkoSolar by 472.8% in the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 55,175 shares of the semiconductor company's stock valued at $1,374,000 after purchasing an additional 45,542 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of JinkoSolar by 245.8% during the fourth quarter. Bank of New York Mellon Corp now owns 41,445 shares of the semiconductor company's stock valued at $1,032,000 after purchasing an additional 29,459 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of JinkoSolar during the 4th quarter worth about $5,948,000. Finally, Capital Wealth Planning LLC acquired a new stake in shares of JinkoSolar in the 4th quarter valued at about $752,000. Institutional investors own 35.82% of the company's stock.

JinkoSolar Price Performance

NYSE JKS traded up $0.25 during trading on Friday, hitting $17.22. 792,477 shares of the company's stock were exchanged, compared to its average volume of 1,067,456. The company has a market cap of $915.33 million, a PE ratio of 29.19 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 fifty-two week low of $13.42 and a fifty-two week high of $37.36. The stock's 50 day moving average price is $19.26 and its two-hundred day moving average price is $22.05.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. JinkoSolar's revenue for the quarter was down 39.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Research analysts expect that JinkoSolar will post -0.24 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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.