Zacks upgraded shares of JinkoSolar Holding Co. (NYSE:JKS) from a neutral rating to an outperform rating in a report issued on Friday, American Banking & Market News reports. They currently have $34.90 target price on the stock.
Zacks has also taken action a number of other stocks recently. The firm reiterated its neutral rating on shares of Infosys Technologies Ltd. They have a $57.00 price target on that stock. Also, Zacks upgraded shares of FUJIFILM Holdings from a neutral rating to an outperform rating. Zacks now has a $32.00 price target on that stock. Finally, Zacks reiterated its outperform rating on shares of Canadian Solar. They have a $35.00 price target on that stock.
A number of other analysts have also recently weighed in on JKS. Analysts at Credit Suisse reiterated a buy rating on shares of JinkoSolar Holding Co. in a research note to investors on Tuesday, November 19th. They now have a $32.00 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of JinkoSolar Holding Co. from $18.00 to $40.00 in a research note to investors on Tuesday, November 19th. They now have a buy rating on the stock.
JinkoSolar Holding Co. (NYSE:JKS) opened at 27.88 on Friday. JinkoSolar Holding Co. has a one year low of $3.96 and a one year high of $34.88. The stock’s 50-day moving average is $27.74 and its 200-day moving average is $17.57. The company’s market cap is $749.3 million.
JinkoSolar Holding Co. (NYSE:JKS) last issued its quarterly earnings data on Monday, November 18th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.91. The company had revenue of $330.70 million for the quarter, compared to the consensus estimate of $302.22 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, analysts predict that JinkoSolar Holding Co. will post $1.98 earnings per share for the current fiscal year.
JinkoSolar Holding Co, Ltd. is a solar product manufacturer. The Company has built a vertically integrated solar product value chain from recovered silicon materials to solar modules.
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