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

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has been given an average rating of "Reduce" by the seven brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.19.

JKS has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. UBS Group reduced their target price on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Citigroup downgraded shares of JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th.

Institutional Investors Weigh In On JinkoSolar

Institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in shares of JinkoSolar during the 1st quarter valued at about $36,000. CANADA LIFE ASSURANCE Co bought a new position in shares of JinkoSolar in the fourth quarter valued at $55,000. Barclays PLC increased its holdings in shares of JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after buying an additional 537 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of JinkoSolar by 502.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after buying an additional 4,562 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of JinkoSolar in the 4th quarter valued at $119,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Price Performance

Shares of NYSE JKS traded down $0.15 on Tuesday, hitting $18.32. The company's stock had a trading volume of 378,321 shares, compared to its average volume of 1,055,526. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The stock has a 50 day moving average of $17.98 and a 200-day moving average of $21.43. The company has a market capitalization of $941.43 million, a price-to-earnings ratio of 31.06 and a beta of 0.16. JinkoSolar has a 12-month low of $13.42 and a 12-month high of $37.36.

JinkoSolar (NYSE:JKS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The company had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The business's quarterly revenue was down 39.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. As a group, research analysts predict 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.