JinkoSolar Holding Company Limited (NYSE:JKS) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.00.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Axiom Securities reissued a “buy” rating on shares of JinkoSolar Holding Company Limited in a research report on Saturday, July 22nd. Morgan Stanley lowered JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $19.40 to $16.00 in a research report on Friday, May 26th. Credit Suisse Group set a $20.00 price target on JinkoSolar Holding Company Limited and gave the company a “buy” rating in a research report on Tuesday, June 6th. Finally, Citigroup Inc. lowered JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and dropped their price target for the company from $15.55 to $15.00 in a research report on Friday, May 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of JinkoSolar Holding Company Limited by 1.7% in the first quarter. UBS Group AG now owns 22,182 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of JinkoSolar Holding Company Limited by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 779 shares during the last quarter. Guinness Asset Management Ltd raised its position in shares of JinkoSolar Holding Company Limited by 5.5% in the first quarter. Guinness Asset Management Ltd now owns 17,390 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 900 shares during the last quarter. Van ECK Associates Corp raised its position in shares of JinkoSolar Holding Company Limited by 2.8% in the first quarter. Van ECK Associates Corp now owns 54,681 shares of the semiconductor company’s stock valued at $906,000 after buying an additional 1,511 shares during the last quarter. Finally, Profund Advisors LLC raised its position in shares of JinkoSolar Holding Company Limited by 4.6% in the first quarter. Profund Advisors LLC now owns 35,958 shares of the semiconductor company’s stock valued at $596,000 after buying an additional 1,569 shares during the last quarter. 19.42% of the stock is currently owned by institutional investors.

Shares of JinkoSolar Holding Company Limited (JKS) traded up 2.69% during mid-day trading on Friday, reaching $27.90. The company’s stock had a trading volume of 577,949 shares. The company has a market capitalization of $892.72 million, a PE ratio of 3.84 and a beta of 2.04. The firm’s 50 day moving average is $22.45 and its 200-day moving average is $18.16. JinkoSolar Holding Company Limited has a 52-week low of $12.72 and a 52-week high of $28.44.

JinkoSolar Holding Company Limited (NYSE:JKS) last posted its quarterly earnings results on Monday, June 5th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.20. The business had revenue of $839.30 million for the quarter, compared to analyst estimates of $780.08 million. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. Analysts forecast that JinkoSolar Holding Company Limited will post $1.52 EPS for the current year.

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JinkoSolar Holding Company Limited Company Profile

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.

Analyst Recommendations for JinkoSolar Holding Company Limited (NYSE:JKS)

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