JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Rating of “Hold” by Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.3333.

A number of research firms have weighed in on JKS. Wall Street Zen lowered JinkoSolar from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Roth Mkm raised their price target on shares of JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Zacks Research upgraded shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group upped their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th.

JinkoSolar Stock Performance

JinkoSolar stock opened at $25.51 on Tuesday. JinkoSolar has a 1-year low of $13.42 and a 1-year high of $31.88. The company’s 50-day moving average is $26.85 and its 200 day moving average is $25.09. The firm has a market capitalization of $1.32 billion, a P/E ratio of -2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02.

JinkoSolar (NYSE:JKS) last released its earnings results on Monday, November 17th. The semiconductor company reported ($2.30) EPS for the quarter, beating analysts’ consensus estimates of ($2.56) by $0.26. JinkoSolar had a negative return on equity of 8.96% and a negative net margin of 4.98%.The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Research analysts forecast that JinkoSolar will post -0.24 EPS for the current year.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in shares of JinkoSolar in the second quarter valued at about $28,000. Raymond James Financial Inc. purchased a new position in JinkoSolar during the 2nd quarter valued at about $47,000. New York State Common Retirement Fund bought a new stake in shares of JinkoSolar in the 3rd quarter valued at about $182,000. Cornerstone Investment Partners LLC purchased a new stake in shares of JinkoSolar in the 4th quarter worth approximately $205,000. Finally, FNY Investment Advisers LLC bought a new position in shares of JinkoSolar during the third quarter valued at approximately $225,000. Institutional investors own 35.82% of the company’s stock.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.