JinkoSolar Holding Company Limited (NYSE:JKS) Receives $22.33 Consensus PT from Brokerages

JinkoSolar Holding Company Limited (NYSE:JKS) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.3333.

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Wednesday, November 19th. Wall Street Zen downgraded JinkoSolar from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Zacks Research upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a research report on Wednesday, December 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Investment Partners LLC acquired a new stake in shares of JinkoSolar during the fourth quarter worth $205,000. Quattro Financial Advisors LLC bought a new stake in JinkoSolar during the fourth quarter valued at $341,000. SG Americas Securities LLC boosted its position in JinkoSolar by 189.9% during the fourth quarter. SG Americas Securities LLC now owns 194,231 shares of the semiconductor company’s stock valued at $5,013,000 after acquiring an additional 127,234 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in JinkoSolar during the 3rd quarter worth about $225,000. Finally, Progeny 3 Inc. bought a new position in shares of JinkoSolar in the 3rd quarter worth about $2,341,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Price Performance

JinkoSolar stock opened at $25.83 on Tuesday. The stock has a 50-day moving average price of $26.85 and a two-hundred day moving average price of $25.07. JinkoSolar has a 12 month low of $13.42 and a 12 month high of $31.88. The company has a market capitalization of $1.33 billion, a PE ratio of -2.82 and a beta of 0.52. The company has a current ratio of 1.30, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, topping the consensus estimate of ($2.56) by $0.26. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.72 billion. JinkoSolar had a negative return on equity of 8.96% and a negative net margin of 4.98%. Analysts expect that JinkoSolar will post -0.24 EPS for the current year.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.