JinkoSolar Holding Co. (JKS) Earns “Outperform” Rating from Credit Suisse Group AG
Several other research firms have also issued reports on JKS. Zacks Investment Research lowered shares of JinkoSolar Holding from a hold rating to a sell rating in a report on Wednesday, August 24th. Roth Capital downgraded shares of JinkoSolar Holding from a buy rating to a neutral rating and raised their price target for the company from $18.00 to $30.00 in a research report on Friday, August 5th. Morgan Stanley set a $27.20 price target on shares of JinkoSolar Holding and gave the company a buy rating in a research report on Wednesday, August 3rd. Finally, Craig Hallum began coverage on shares of JinkoSolar Holding in a research report on Tuesday, November 8th. They set a buy rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $30.24.
Shares of JinkoSolar Holding (NYSE:JKS) opened at 14.42 on Monday. JinkoSolar Holding has a 52-week low of $12.92 and a 52-week high of $29.50. The stock has a market cap of $454.10 million, a P/E ratio of 2.78 and a beta of 2.33. The firm’s 50 day moving average price is $15.73 and its 200 day moving average price is $18.50.
JinkoSolar Holding (NYSE:JKS) last released its earnings results on Wednesday, November 16th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.76. JinkoSolar Holding had a net margin of 5.49% and a return on equity of 35.45%. The firm earned $855.30 million during the quarter, compared to analyst estimates of $749.37 million. During the same period last year, the business earned $1.04 earnings per share. The business’s revenue was up 34.1% on a year-over-year basis. On average, analysts expect that JinkoSolar Holding will post $4.80 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in JinkoSolar Holding during the second quarter worth about $132,000. Public Employees Retirement System of Ohio boosted its stake in shares of JinkoSolar Holding by 102.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,100 shares of the company’s stock worth $165,000 after buying an additional 4,100 shares in the last quarter. BlackRock Inc. boosted its stake in shares of JinkoSolar Holding by 137.4% in the first quarter. BlackRock Inc. now owns 8,304 shares of the company’s stock worth $173,000 after buying an additional 4,806 shares in the last quarter. Guinness Asset Management Ltd boosted its stake in shares of JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock worth $173,000 after buying an additional 1,000 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of JinkoSolar Holding by 32.9% in the third quarter. KBC Group NV now owns 8,814 shares of the company’s stock worth $139,000 after buying an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 19.63% of the company’s stock.
JinkoSolar Holding Company Profile
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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