JinkoSolar Holding Company Limited (NYSE:JKS) Receives $24.13 Consensus Target Price from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.1250.

JKS has been the topic of several recent analyst reports. UBS Group dropped their target price on JinkoSolar from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Daiwa Securities Group raised JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc grew its position in shares of JinkoSolar by 9,212.1% in the 4th quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after buying an additional 494,595 shares during the last quarter. Invesco Ltd. lifted its position in JinkoSolar by 15.4% in the fourth quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock valued at $41,406,000 after acquiring an additional 213,935 shares during the last quarter. Hsbc Holdings PLC lifted its position in JinkoSolar by 355.9% in the first quarter. Hsbc Holdings PLC now owns 189,569 shares of the semiconductor company’s stock valued at $4,817,000 after acquiring an additional 147,992 shares during the last quarter. SG Americas Securities LLC boosted its stake in JinkoSolar by 189.9% in the fourth quarter. SG Americas Securities LLC now owns 194,231 shares of the semiconductor company’s stock valued at $5,013,000 after acquiring an additional 127,234 shares in the last quarter. Finally, Capital Wealth Planning LLC acquired a new position in JinkoSolar in the fourth quarter valued at $3,299,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Trading Up 4.3%

NYSE JKS opened at $25.92 on Thursday. JinkoSolar has a 52 week low of $17.53 and a 52 week high of $31.88. The firm has a 50 day moving average of $23.99 and a two-hundred day moving average of $25.75. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.36 billion, a PE ratio of -2.66 and a beta of 0.53.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, research analysts expect that JinkoSolar will post -2.76 EPS for the current fiscal year.

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.