Shares of JinkoSolar Holding Co. (NYSE:JKS) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $29.28.

Several brokerages have recently commented on JKS. Zacks Investment Research lowered shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Credit Suisse Group AG lowered their target price on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. Roth Capital lowered shares of JinkoSolar Holding from a “buy” rating to a “neutral” rating and raised their target price for the company from $18.00 to $30.00 in a research note on Friday, August 5th. Morgan Stanley set a $27.20 target price on shares of JinkoSolar Holding and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Craig Hallum assumed coverage on shares of JinkoSolar Holding in a research note on Tuesday, November 8th. They issued a “buy” rating and a $36.00 target price on the stock.

Shares of JinkoSolar Holding (NYSE:JKS) traded up 1.71% during mid-day trading on Tuesday, reaching $13.09. 354,815 shares of the company were exchanged. JinkoSolar Holding has a 12 month low of $12.72 and a 12 month high of $29.50. The company has a market capitalization of $412.22 million, a price-to-earnings ratio of 2.52 and a beta of 2.33. The firm’s 50-day moving average is $15.51 and its 200-day moving average is $18.31.

JinkoSolar Holding (NYSE:JKS) last announced its quarterly earnings results on Wednesday, November 16th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.76. JinkoSolar Holding had a net margin of 5.28% and a return on equity of 33.72%. The company had revenue of $855.30 million for the quarter, compared to analyst estimates of $749.37 million. During the same quarter in the prior year, the business posted $1.04 EPS. JinkoSolar Holding’s quarterly revenue was up 34.1% on a year-over-year basis. On average, equities analysts forecast that JinkoSolar Holding will post $4.80 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in JinkoSolar Holding by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 10,972 shares of the company’s stock valued at $224,000 after buying an additional 562 shares during the last quarter. Guinness Asset Management Ltd boosted its stake in JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock valued at $173,000 after buying an additional 1,000 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in JinkoSolar Holding by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 75,728 shares of the company’s stock valued at $1,197,000 after buying an additional 1,750 shares during the last quarter. BlackRock Group LTD boosted its stake in JinkoSolar Holding by 2.2% in the third quarter. BlackRock Group LTD now owns 91,778 shares of the company’s stock valued at $1,450,000 after buying an additional 1,961 shares during the last quarter. Finally, KBC Group NV boosted its stake in JinkoSolar Holding by 32.9% in the third quarter. KBC Group NV now owns 8,814 shares of the company’s stock valued at $139,000 after buying an additional 2,180 shares during the last quarter. 19.92% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:JKS

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