Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.17.

Several brokerages have weighed in on JKS. Axiom Securities reissued a “buy” rating on shares of JinkoSolar Holding Company Limited in a report on Saturday, July 22nd. Credit Suisse Group lowered shares of JinkoSolar Holding Company Limited from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $20.00 in a report on Tuesday, August 22nd. Morgan Stanley lowered shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $19.40 to $16.00 in a report on Friday, May 26th. Zacks Investment Research lowered shares of JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Finally, Citigroup Inc. lowered shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $15.55 to $15.00 in a report on Friday, May 26th.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) traded up 0.08% during midday trading on Friday, reaching $26.03. 1,104,202 shares of the company were exchanged. The stock’s 50-day moving average price is $27.15 and its 200-day moving average price is $20.96. The company has a market capitalization of $835.95 million, a PE ratio of 25.59 and a beta of 1.96. JinkoSolar Holding Company Limited has a 52-week low of $12.72 and a 52-week high of $30.50.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings data on Wednesday, September 6th. The semiconductor company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.49). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $998.22 million. JinkoSolar Holding Company Limited had a return on equity of 7.88% and a net margin of 5.42%. JinkoSolar Holding Company Limited’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 earnings per share. Analysts anticipate that JinkoSolar Holding Company Limited will post $0.20 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of JinkoSolar Holding Company Limited by 0.4% in the 2nd quarter. State Street Corp now owns 89,099 shares of the semiconductor company’s stock valued at $1,854,000 after buying an additional 345 shares during the period. UBS Group AG boosted its holdings in shares of JinkoSolar Holding Company Limited by 1.7% in the 1st 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 period. Royal Bank of Canada boosted its holdings in shares of JinkoSolar Holding Company Limited by 2.0% in the 2nd quarter. Royal Bank of Canada now owns 27,315 shares of the semiconductor company’s stock valued at $568,000 after buying an additional 535 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of JinkoSolar Holding Company Limited by 7.1% in the 1st 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 period. Finally, Van ECK Associates Corp boosted its holdings in shares of JinkoSolar Holding Company Limited by 2.8% in the 1st 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 period. 21.28% of the stock is owned by institutional investors and hedge funds.

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About JinkoSolar Holding Company Limited

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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