CICC Research upgraded shares of JinkoSolar (NYSE:JKS) from a neutral rating to an outperform rating in a research note released on Tuesday, The Fly reports.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of JinkoSolar from a strong-buy rating to a hold rating in a report on Thursday, January 23rd. ValuEngine cut shares of JinkoSolar from a sell rating to a strong sell rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $23.75.
Shares of NYSE JKS opened at $25.50 on Tuesday. JinkoSolar has a 1 year low of $14.11 and a 1 year high of $28.76. The stock has a market cap of $1.14 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.21 and a beta of 2.01. The firm has a 50-day moving average of $22.11 and a 200 day moving average of $19.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.75.
JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Tuesday, November 19th. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. JinkoSolar had a net margin of 2.27% and a return on equity of 6.70%. JinkoSolar’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. Research analysts expect that JinkoSolar will post 2.48 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in JinkoSolar by 3.8% in the first quarter. First Trust Advisors LP now owns 27,780 shares of the semiconductor company’s stock worth $500,000 after buying an additional 1,018 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of JinkoSolar by 136.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,900 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 2,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of JinkoSolar by 64.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,894 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 2,300 shares during the period. Van ECK Associates Corp grew its stake in shares of JinkoSolar by 6.7% in the fourth quarter. Van ECK Associates Corp now owns 36,642 shares of the semiconductor company’s stock worth $824,000 after acquiring an additional 2,304 shares during the period. Finally, State Street Corp grew its stake in shares of JinkoSolar by 1.1% in the fourth quarter. State Street Corp now owns 370,200 shares of the semiconductor company’s stock worth $8,326,000 after acquiring an additional 4,121 shares during the period. 49.21% of the stock is owned by institutional investors and hedge funds.
JinkoSolar 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. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.
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