JinkoSolar Holding Company Limited (NYSE:JKS)‘s stock had its “buy” rating reiterated by equities researchers at Axiom Securities in a research note issued on Saturday, July 22nd.

JKS has been the subject of a number of other research reports. Morgan Stanley cut shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $19.40 to $16.00 in a report on Friday, May 26th. Zacks Investment Research cut shares of JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Citigroup Inc. cut shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $15.55 to $15.00 in a report on Friday, May 26th. Finally, Credit Suisse Group set a $20.00 price objective on shares of JinkoSolar Holding Company Limited and gave the company a “buy” rating in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of JinkoSolar Holding Company Limited (JKS) traded up 1.04% during midday trading on Friday, hitting $26.33. 953,477 shares of the stock were exchanged. The firm’s 50-day moving average is $25.46 and its 200-day moving average is $19.24. The stock has a market cap of $842.48 million, a price-to-earnings ratio of 3.58 and a beta of 2.04. JinkoSolar Holding Company Limited has a 12 month low of $12.72 and a 12 month high of $29.36.

JinkoSolar Holding Company Limited (NYSE:JKS) last released its quarterly earnings results on Monday, June 5th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.20. The company had revenue of $839.30 million during the quarter, compared to analysts’ expectations of $780.08 million. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. JinkoSolar Holding Company Limited’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.72 earnings per share. Equities research analysts predict that JinkoSolar Holding Company Limited will post $1.53 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC purchased a new position in JinkoSolar Holding Company Limited during the second quarter valued at approximately $205,000. Granite Point Capital Management L.P. purchased a new position in JinkoSolar Holding Company Limited during the second quarter valued at approximately $208,000. SG Americas Securities LLC boosted its position in JinkoSolar Holding Company Limited by 17.3% in the first quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 1,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in JinkoSolar Holding Company Limited by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 779 shares during the period. Finally, KBC Group NV boosted its position in JinkoSolar Holding Company Limited by 34.6% in the first quarter. KBC Group NV now owns 11,864 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 3,050 shares during the period. Institutional investors own 23.66% of the company’s stock.

JinkoSolar Holding Company Limited 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.

Analyst Recommendations for JinkoSolar Holding Company Limited (NYSE:JKS)

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