Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of research analysts have commented on JKS shares. ValuEngine raised JinkoSolar from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th. Goldman Sachs Group raised JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday, February 4th. Roth Capital raised JinkoSolar from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $20.00 to $11.50 in a report on Monday, February 4th. Finally, Zacks Investment Research raised JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, February 6th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hanson & Doremus Investment Management bought a new stake in shares of JinkoSolar in the 1st quarter worth approximately $30,000. CENTRAL TRUST Co lifted its holdings in shares of JinkoSolar by 125.6% in the 1st quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,390 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in JinkoSolar in the 4th quarter valued at approximately $57,000. Wealth Architects LLC acquired a new stake in JinkoSolar in the 4th quarter valued at approximately $117,000. Finally, Granite Point Capital Management L.P. acquired a new stake in JinkoSolar in the 4th quarter valued at approximately $124,000. 29.27% of the stock is currently owned by institutional investors and hedge funds.

NYSE:JKS traded up $0.86 during trading hours on Thursday, reaching $18.80. 25,794 shares of the stock were exchanged, compared to its average volume of 1,056,029. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. JinkoSolar has a 52 week low of $7.11 and a 52 week high of $21.80. The company has a market cap of $500.13 million, a PE ratio of 12.25, a P/E/G ratio of 0.59 and a beta of 2.34.

JinkoSolar (NYSE:JKS) last released its earnings results on Friday, March 22nd. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.32). JinkoSolar had a return on equity of 5.01% and a net margin of 1.60%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business earned $0.20 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts expect that JinkoSolar will post 2.97 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 in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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