JinkoSolar Holding Co. (JKS) Shares Down 4.4%
Shares of JinkoSolar Holding Co. (NYSE:JKS) traded down 4.4% during trading on Thursday . The company traded as low as $18.55 and last traded at $19.28, with a volume of 760,964 shares. The stock had previously closed at $20.17.
A number of analysts recently commented on the stock. Roth Capital reissued a “buy” rating and set a $30.00 price objective (down previously from $35.00) on shares of JinkoSolar Holding in a report on Sunday, June 5th. Zacks Investment Research downgraded shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Morgan Stanley set a $27.20 price target on shares of JinkoSolar Holding and gave the company a “buy” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Finally, Credit Suisse Group AG reduced their price target on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. JinkoSolar Holding presently has a consensus rating of “Buy” and a consensus price target of $31.28.
The firm’s 50-day moving average price is $19.11 and its 200-day moving average price is $20.78. The stock has a market capitalization of $590.42 million and a price-to-earnings ratio of 4.23.
JinkoSolar Holding (NYSE:JKS) last released its quarterly earnings data on Friday, May 27th. The company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.85. The firm earned $847.80 million during the quarter. During the same quarter in the previous year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was up 91.2% on a year-over-year basis. On average, equities research analysts forecast that JinkoSolar Holding Co. will post $4.45 EPS for the current year.
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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