JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Average Rating of "Reduce" by Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) have been given an average recommendation of "Reduce" by the six analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.19.

Several brokerages have recently commented on JKS. UBS Group lowered their target price on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Daiwa Capital Markets cut JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. The Goldman Sachs Group reduced their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Finally, Glj Research dropped their price target on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd.

JinkoSolar Stock Performance

NYSE:JKS opened at $16.83 on Friday. The stock has a 50 day simple moving average of $19.72 and a 200 day simple moving average of $22.24. The stock has a market cap of $894.60 million, a P/E ratio of 28.53 and a beta of 0.17. JinkoSolar has a 1-year low of $13.42 and a 1-year high of $37.36. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

JinkoSolar (NYSE:JKS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.46) by ($0.55). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The business had revenue of $20.65 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company's revenue was down 37.1% compared to the same quarter last year. Research analysts anticipate that JinkoSolar will post -0.24 earnings per share for the current year.

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co acquired a new position in JinkoSolar during the fourth quarter worth about $55,000. Barclays PLC increased its position in JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in JinkoSolar in the 4th quarter valued at approximately $119,000. New York State Common Retirement Fund acquired a new stake in JinkoSolar in the fourth quarter valued at approximately $132,000. Finally, Jump Financial LLC bought a new stake in shares of JinkoSolar during the fourth quarter worth $200,000. Institutional investors and hedge funds own 35.82% of the company's stock.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.

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