JinkoSolar Holding Company Limited (NYSE:JKS) Receives Consensus Rating of “Hold” from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.8750.

A number of equities research analysts have commented on JKS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. Freedom Broker downgraded JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Wall Street Zen lowered JinkoSolar from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Zacks Research cut JinkoSolar from a “hold” rating to a “strong sell” rating in a report on Thursday, September 3rd. Finally, UBS Group increased their target price on shares of JinkoSolar from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, May 29th.

Insider Activity

In other news, Director Wing Siew sold 16,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total value of $263,840.00. Following the sale, the director directly owned 170,000 shares of the company’s stock, valued at approximately $2,803,300. This represents a 8.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds have recently bought and sold shares of JKS. Raymond James Financial Inc. bought a new stake in JinkoSolar during the second quarter valued at $47,000. Banque Cantonale Vaudoise bought a new position in shares of JinkoSolar in the 4th quarter worth about $58,000. Leonteq Securities AG bought a new position in shares of JinkoSolar in the 4th quarter worth about $101,000. Federation des caisses Desjardins du Quebec lifted its stake in shares of JinkoSolar by 277.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 5,211 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of JinkoSolar in the 4th quarter valued at about $209,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

Shares of NYSE:JKS opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. JinkoSolar has a 52 week low of $11.43 and a 52 week high of $31.88. The firm has a market cap of $602.25 million, a PE ratio of -1.23 and a beta of 0.51. The firm’s fifty day moving average is $15.06 and its 200-day moving average is $19.93.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, August 26th. The semiconductor company reported ($2.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.75) by ($1.78). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.17 billion. JinkoSolar had a negative net margin of 5.85% and a negative return on equity of 9.93%. Sell-side analysts predict that JinkoSolar will post -5.63 earnings per share for the current year.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. is a global solar photovoltaic (PV) product manufacturer. Through its principal operating subsidiary, Jiangxi Jinko, the company develops and produces silicon wafers, solar cells, and PV modules used in utility-scale, commercial, industrial, and residential solar power systems. Its product portfolio includes high-efficiency monocrystalline modules marketed under the Tiger and Tiger Neo product families.

JinkoSolar also provides energy storage products and related system solutions, supporting the integration of renewable power into electricity networks and on-site energy systems.