Stock analysts at Axiom Securities began coverage on shares of JinkoSolar Holding Company Limited (NYSE:JKS) in a research note issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

Other research analysts also recently issued reports about the stock. Citigroup Inc. downgraded shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $15.55 to $15.00 in a report on Friday, May 26th. ValuEngine upgraded shares of JinkoSolar Holding Company Limited from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Credit Suisse Group set a $20.00 price target on shares of JinkoSolar Holding Company Limited and gave the stock a “buy” rating in a report on Tuesday, June 6th. Morgan Stanley downgraded shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $19.40 to $16.00 in a report on Friday, May 26th. Finally, Zacks Investment Research downgraded shares of JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $21.00.

Shares of JinkoSolar Holding Company Limited (NYSE JKS) opened at 26.29 on Thursday. The company’s 50-day moving average price is $27.15 and its 200-day moving average price is $20.96. JinkoSolar Holding Company Limited has a 12-month low of $12.72 and a 12-month high of $30.50. The firm has a market capitalization of $844.30 million, a PE ratio of 25.85 and a beta of 1.96.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings data on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.49). JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 7.88%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $998.22 million. During the same quarter in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts anticipate that JinkoSolar Holding Company Limited will post $0.20 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in JinkoSolar Holding Company Limited by 0.4% during the second quarter. State Street Corp now owns 89,099 shares of the semiconductor company’s stock valued at $1,854,000 after acquiring an additional 345 shares during the last quarter. UBS Group AG boosted its position in JinkoSolar Holding Company Limited by 1.7% during the first quarter. UBS Group AG now owns 22,182 shares of the semiconductor company’s stock valued at $367,000 after acquiring an additional 378 shares during the last quarter. Royal Bank of Canada boosted its position in JinkoSolar Holding Company Limited by 2.0% during the second quarter. Royal Bank of Canada now owns 27,315 shares of the semiconductor company’s stock valued at $568,000 after acquiring an additional 535 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in JinkoSolar Holding Company Limited by 7.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,794 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 779 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in JinkoSolar Holding Company Limited by 2.8% during the first quarter. Van ECK Associates Corp now owns 54,681 shares of the semiconductor company’s stock valued at $906,000 after acquiring an additional 1,511 shares during the last quarter. 21.28% of the stock is currently owned by institutional investors and hedge funds.

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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