JinkoSolar Holding Co. (JKS) Stock Price Down 3.7%
JinkoSolar Holding Co. (NYSE:JKS) fell 3.7% during mid-day trading on Wednesday . The company traded as low as $18.55 and last traded at $18.76, with a volume of 256,441 shares changing hands. The stock had previously closed at $19.48.
A number of brokerages have recently issued reports on JKS. Credit Suisse Group AG dropped their target price on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday. Zacks Investment Research raised shares of JinkoSolar Holding from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Roth Capital cut shares of JinkoSolar Holding from a “buy” rating to a “neutral” rating and upped their target price for the company from $18.00 to $30.00 in a report on Friday, August 5th. Morgan Stanley set a $27.20 target price on shares of JinkoSolar Holding and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.28.
The firm has a market cap of $620.22 million and a PE ratio of 4.46. The stock has a 50-day moving average price of $19.11 and a 200 day moving average price of $20.77.
JinkoSolar Holding (NYSE:JKS) last issued its quarterly earnings data on Friday, May 27th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.85. During the same period in the prior year, the company earned $0.88 EPS. The business had revenue of $847.80 million for the quarter. JinkoSolar Holding’s revenue was up 91.2% on a year-over-year basis. Equities research analysts expect that JinkoSolar Holding Co. will post $4.37 earnings per share for the current year.
An institutional investor recently raised its position in JinkoSolar Holding stock. Russell Frank Co raised its position in shares of JinkoSolar Holding Co. (NYSE:JKS) by 1,495.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,900 shares of the company’s stock after buying an additional 92,700 shares during the period. Russell Frank Co owned 0.32% of JinkoSolar Holding worth $2,751,000 at the end of the most recent reporting period.
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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