Jinko Solar (NYSE:JKS) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.00.

A number of research firms have issued reports on JKS. Goldman Sachs began coverage on shares of Jinko Solar in a research note on Tuesday, January 9th. They set a “sell” rating and a $16.00 target price for the company. Vertical Research assumed coverage on shares of Jinko Solar in a research note on Friday, February 2nd. They set a “sell” rating for the company. Vertical Group assumed coverage on shares of Jinko Solar in a research note on Friday, February 2nd. They issued a “sell” rating for the company. Zacks Investment Research lowered shares of Jinko Solar from a “buy” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, UBS assumed coverage on shares of Jinko Solar in a research note on Friday, March 16th. They issued a “buy” rating and a $26.00 price target for the company.

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Several large investors have recently modified their holdings of JKS. DnB Asset Management AS lifted its stake in Jinko Solar by 7.7% during the fourth quarter. DnB Asset Management AS now owns 304,325 shares of the semiconductor company’s stock valued at $7,319,000 after purchasing an additional 21,794 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jinko Solar by 164.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,194 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 10,700 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Jinko Solar during the fourth quarter valued at approximately $1,135,000. Handelsbanken Fonder AB lifted its stake in Jinko Solar by 15.8% during the fourth quarter. Handelsbanken Fonder AB now owns 133,798 shares of the semiconductor company’s stock valued at $3,218,000 after purchasing an additional 18,255 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. acquired a new stake in Jinko Solar during the fourth quarter valued at approximately $262,000. 15.44% of the stock is owned by institutional investors.

Jinko Solar stock traded down $0.15 during midday trading on Wednesday, reaching $19.12. 56,657 shares of the stock traded hands, compared to its average volume of 596,092. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $743.15, a price-to-earnings ratio of 30.11, a PEG ratio of 1.29 and a beta of 1.99. Jinko Solar has a fifty-two week low of $16.06 and a fifty-two week high of $30.50.

Jinko Solar (NYSE:JKS) last posted its earnings results on Thursday, March 22nd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The firm had revenue of $976.40 million for the quarter, compared to analyst estimates of $971.40 million. Jinko Solar had a net margin of 0.53% and a return on equity of 2.12%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. research analysts expect that Jinko Solar will post 1.49 earnings per share for the current year.

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Jinko Solar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials.

Analyst Recommendations for Jinko Solar (NYSE:JKS)

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