JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $26.60 Consensus Target Price from Brokerages

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has earned a consensus recommendation of “Reduce” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.60.

JKS has been the subject of several recent research reports. UBS Group decreased their price objective on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Roth Capital downgraded JinkoSolar from a “buy” rating to a “neutral” rating in a report on Thursday, March 21st. StockNews.com downgraded JinkoSolar from a “hold” rating to a “sell” rating in a report on Wednesday. The Goldman Sachs Group decreased their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a report on Thursday, April 11th. Finally, Daiwa Capital Markets downgraded JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Monday, February 5th.

Institutional Investors Weigh In On JinkoSolar

Institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in JinkoSolar by 657.5% in the third quarter. FMR LLC now owns 909 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 789 shares during the last quarter. Headlands Technologies LLC purchased a new position in JinkoSolar in the third quarter worth $31,000. Toroso Investments LLC purchased a new position in JinkoSolar in the third quarter worth $35,000. Signaturefd LLC boosted its position in JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 673 shares during the last quarter. Finally, Natixis purchased a new position in JinkoSolar in the fourth quarter worth $41,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

Shares of JKS opened at $21.69 on Monday. JinkoSolar has a 52-week low of $21.25 and a 52-week high of $50.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04. The business’s 50 day moving average price is $25.54 and its two-hundred day moving average price is $29.41. The firm has a market cap of $1.14 billion, a PE ratio of 2.76 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 EPS for the quarter, missing the consensus estimate of $2.32 by ($1.11). The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. On average, equities analysts anticipate that JinkoSolar will post 5.27 EPS for the current year.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects.