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

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $24.60.

A number of research analysts have issued reports on JKS shares. The Goldman Sachs Group cut their price target on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. Roth Mkm cut their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th.

Institutional Trading of JinkoSolar

Several large investors have recently made changes to their positions in JKS. Signaturefd LLC boosted its holdings in JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after buying an additional 647 shares in the last quarter. Barclays PLC boosted its holdings in JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after buying an additional 537 shares in the last quarter. Headlands Technologies LLC boosted its holdings in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,476 shares in the last quarter. Banque Cantonale Vaudoise grew its position in shares of JinkoSolar by 198.1% in the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 5,265 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of JinkoSolar by 15.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 1,200 shares during the period. 35.82% of the stock is owned by hedge funds and other institutional investors.

JinkoSolar Trading Up 4.0 %

NYSE JKS opened at $22.51 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.20 billion, a PE ratio of 38.15 and a beta of 0.44. The company has a 50 day moving average price of $23.20 and a 200 day moving average price of $22.43. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $38.37.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.05 by $0.92. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.85 billion. As a group, sell-side analysts forecast that JinkoSolar will post -0.42 EPS for the current fiscal year.

About JinkoSolar

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.