Brokerages Set JinkoSolar Holding Company Limited (JKS) PT at $21.00

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $21.00.

A number of research firms recently issued reports on JKS. Credit Suisse Group set a $20.00 target price on JinkoSolar Holding Company Limited and gave the company a “buy” rating in a report on Tuesday, June 6th. Morgan Stanley lowered JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $19.40 to $16.00 in a report on Friday, May 26th. Zacks Investment Research lowered JinkoSolar Holding Company Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. Finally, Citigroup Inc. lowered JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and decreased their target price for the company from $15.55 to $15.00 in a report on Friday, May 26th.

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Hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in shares of JinkoSolar Holding Company Limited by 90.0% in the first quarter. Point72 Asset Management L.P. now owns 190,000 shares of the semiconductor company’s stock worth $3,148,000 after buying an additional 90,000 shares during the period. FNY Partners Fund LP increased its stake in shares of JinkoSolar Holding Company Limited by 1,180.0% in the first quarter. FNY Partners Fund LP now owns 12,800 shares of the semiconductor company’s stock worth $212,000 after buying an additional 11,800 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in shares of JinkoSolar Holding Company Limited during the first quarter worth about $2,071,000. Shelton Capital Management increased its stake in shares of JinkoSolar Holding Company Limited by 14.3% in the first quarter. Shelton Capital Management now owns 32,000 shares of the semiconductor company’s stock worth $530,000 after buying an additional 4,000 shares during the period. Finally, Sterneck Capital Management LLC acquired a new stake in shares of JinkoSolar Holding Company Limited during the first quarter worth about $772,000. 21.56% of the stock is owned by institutional investors.

JinkoSolar Holding Company Limited (NYSE:JKS) traded up 3.09% on Tuesday, hitting $18.33. The stock had a trading volume of 720,693 shares. JinkoSolar Holding Company Limited has a 52-week low of $12.72 and a 52-week high of $22.19. The company has a market cap of $586.51 million, a P/E ratio of 2.56 and a beta of 1.85. The firm’s 50-day moving average is $17.92 and its 200-day moving average is $16.41.

JinkoSolar Holding Company Limited (NYSE:JKS) last released its earnings results on Monday, June 5th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.20. The company had revenue of $839.30 million during the quarter, compared to analysts’ expectations of $780.08 million. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. Equities research analysts anticipate that JinkoSolar Holding Company Limited will post $1.51 earnings per share for the current fiscal year.

JinkoSolar Holding Company Limited Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

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