JinkoSolar Holding Company Limited (NYSE:JKS) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.00.

A number of research analysts have weighed in on JKS shares. Citigroup Inc. downgraded JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $15.55 to $15.00 in a report on Friday, May 26th. Axiom Securities reissued a “buy” rating on shares of JinkoSolar Holding Company Limited in a research report on Saturday, July 22nd. Credit Suisse Group set a $20.00 price objective on JinkoSolar Holding Company Limited and gave the company a “buy” rating in a research report on Tuesday, June 6th. Morgan Stanley cut JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $19.40 to $16.00 in a research report on Friday, May 26th. Finally, Zacks Investment Research cut JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th.

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Shares of JinkoSolar Holding Company Limited (NYSE:JKS) traded up 0.97% during midday trading on Tuesday, hitting $28.10. The stock had a trading volume of 207,771 shares. JinkoSolar Holding Company Limited has a 1-year low of $12.72 and a 1-year high of $29.36. The stock has a market cap of $899.12 million, a price-to-earnings ratio of 3.82 and a beta of 2.04. The firm’s 50-day moving average price is $26.40 and its 200-day moving average price is $19.91.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced 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. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The business had revenue of $839.30 million for the quarter, compared to analysts’ expectations of $780.08 million. During the same quarter in the prior year, the firm earned $1.72 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts forecast that JinkoSolar Holding Company Limited will post $1.53 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in JKS. SG Americas Securities LLC increased its stake in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 worth $195,000 after buying an additional 779 shares during the period. KBC Group NV raised its position in shares of 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 worth $197,000 after buying an additional 3,050 shares during the period. Aperio Group LLC bought a new position in shares of JinkoSolar Holding Company Limited during the second quarter worth approximately $205,000. Finally, Granite Point Capital Management L.P. bought a new position in shares of JinkoSolar Holding Company Limited during the second quarter worth approximately $208,000. 21.28% of the stock is owned by institutional investors and hedge funds.

About JinkoSolar Holding Company Limited

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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