JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Consensus Rating of “Reduce” by Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have received an average rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.60.

JKS has been the subject of a number of research analyst reports. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, September 3rd. Finally, Roth Mkm decreased their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently made changes to their positions in the company. Decade Renewable Partners LP acquired a new position in JinkoSolar in the 2nd quarter worth approximately $4,272,000. Millennium Management LLC boosted its position in shares of JinkoSolar by 2,305.1% in the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock worth $3,500,000 after buying an additional 161,888 shares during the period. Marshall Wace LLP grew its holdings in shares of JinkoSolar by 49.5% during the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after buying an additional 148,268 shares in the last quarter. Point72 Europe London LLP acquired a new position in JinkoSolar during the second quarter valued at $3,023,000. Finally, Dimensional Fund Advisors LP lifted its stake in JinkoSolar by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock worth $20,357,000 after acquiring an additional 74,219 shares in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Stock Performance

Shares of NYSE JKS opened at $24.70 on Tuesday. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $38.37. The firm has a market cap of $1.31 billion, a P/E ratio of 40.36 and a beta of 0.44. The stock has a fifty day moving average price of $23.38 and a two-hundred day moving average price of $22.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.92. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.85 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. Research analysts forecast that JinkoSolar will post -0.42 EPS for the current fiscal year.

JinkoSolar Company Profile

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.