JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Consensus Recommendation of "Reduce" by Brokerages

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

JKS has been the subject of several recent research reports. Glj Research decreased their price target on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a report on Thursday, January 23rd. UBS Group lowered their price objective on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group decreased their price target on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Finally, Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th.

JinkoSolar Price Performance

Shares of JKS opened at $18.94 on Tuesday. The stock has a market cap of $973.08 million, a PE ratio of 32.10 and a beta of 0.16. JinkoSolar has a 1-year low of $13.42 and a 1-year high of $37.36. 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 firm has a 50-day simple moving average of $18.28 and a two-hundred day simple moving average of $21.64.

JinkoSolar (NYSE:JKS - Get Free Report) last released its earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). The firm 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 firm's quarterly revenue was down 39.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. As a group, analysts forecast that JinkoSolar will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the first quarter worth about $36,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of JinkoSolar in the fourth quarter worth approximately $55,000. Barclays PLC grew its holdings in 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 purchasing an additional 537 shares during the period. Caitong International Asset Management Co. Ltd increased its position in JinkoSolar by 502.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 4,562 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in JinkoSolar during the fourth quarter worth approximately $119,000. 35.82% of the stock is currently 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. 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.

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