JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $27.19 Average Price Target from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has received a consensus rating of "Reduce" from the six ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.19.

Several equities analysts have commented on the stock. Daiwa Capital Markets cut shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. UBS Group cut their price objective on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Glj Research reduced their price objective on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, March 27th. Finally, Jefferies Financial Group increased their price target on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, December 5th.

Institutional Trading of JinkoSolar

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in JinkoSolar by 42.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company's stock worth $1,229,000 after acquiring an additional 14,765 shares during the last quarter. Twinbeech Capital LP boosted its position in JinkoSolar by 219.9% during the fourth quarter. Twinbeech Capital LP now owns 25,960 shares of the semiconductor company's stock worth $646,000 after purchasing an additional 17,846 shares during the period. Millennium Management LLC purchased a new position in shares of JinkoSolar in the fourth quarter worth about $2,846,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of JinkoSolar by 85.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 3,998 shares during the period. Finally, CoreCommodity Management LLC lifted its stake in shares of JinkoSolar by 1.1% during the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company's stock valued at $1,533,000 after buying an additional 640 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors.

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JinkoSolar Stock Down 5.0 %

NYSE JKS traded down $0.92 on Monday, reaching $17.65. The company had a trading volume of 741,684 shares, compared to its average volume of 1,042,121. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The company's fifty day moving average is $21.57 and its 200 day moving average is $23.12. JinkoSolar has a 52-week low of $16.70 and a 52-week high of $37.36. The stock has a market capitalization of $938.19 million, a P/E ratio of 29.92 and a beta of 0.17.

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

JinkoSolar Company Profile

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.