JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.50.

Several equities analysts have weighed in on JKS shares. Goldman Sachs Group raised shares of JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, February 4th. Zacks Investment Research raised shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, February 6th. Roth Capital raised shares of JinkoSolar from a “neutral” rating to a “buy” rating and lowered their price target for the company from $20.00 to $11.50 in a report on Monday, February 4th. Finally, ValuEngine raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th.

NYSE:JKS traded down $0.36 during trading hours on Thursday, hitting $17.63. 588,588 shares of the stock traded hands, compared to its average volume of 1,122,501. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.71. JinkoSolar has a 1 year low of $7.11 and a 1 year high of $21.80. The company has a market capitalization of $502.98 million, a P/E ratio of 11.60, a P/E/G ratio of 0.59 and a beta of 2.34.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Friday, March 22nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.32). JinkoSolar had a net margin of 1.60% and a return on equity of 5.01%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm earned $0.20 EPS. JinkoSolar’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that JinkoSolar will post 2.97 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new stake in shares of JinkoSolar during the first quarter valued at approximately $30,000. CENTRAL TRUST Co raised its position in shares of JinkoSolar by 125.6% during the first quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 1,390 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of JinkoSolar during the fourth quarter valued at approximately $57,000. Wells Fargo & Company MN raised its position in shares of JinkoSolar by 97.3% during the first quarter. Wells Fargo & Company MN now owns 9,274 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 4,573 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JinkoSolar during the first quarter valued at approximately $172,000. Hedge funds and other institutional investors own 29.27% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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