JKS has been the topic of a number of other research reports. UBS Group dropped their price objective on JinkoSolar from $18.00 to $12.00 and set a buy rating on the stock in a report on Wednesday, October 31st. ValuEngine upgraded JinkoSolar from a strong sell rating to a sell rating in a report on Thursday, December 13th. Credit Suisse Group restated a neutral rating on shares of JinkoSolar in a report on Tuesday, November 27th. Williams Capital initiated coverage on JinkoSolar in a report on Wednesday, December 19th. They set a sell rating and a $1.00 price target on the stock. Finally, Zacks Investment Research upgraded JinkoSolar from a strong sell rating to a hold rating in a report on Tuesday, October 16th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $11.20.
NYSE:JKS opened at $12.70 on Thursday. JinkoSolar has a 52 week low of $7.11 and a 52 week high of $24.43. The company has a market capitalization of $370.03 million, a P/E ratio of 18.68, a PEG ratio of 0.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.71 and a current ratio of 0.94.
JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Monday, November 26th. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.81. JinkoSolar had a return on equity of 4.07% and a net margin of 1.29%. The firm had revenue of $974.80 million for the quarter, compared to the consensus estimate of $934.65 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that JinkoSolar will post 1.11 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. Wealth Architects LLC acquired a new position in JinkoSolar during the fourth quarter valued at approximately $117,000. Mackenzie Financial Corp acquired a new stake in shares of JinkoSolar in the third quarter worth $165,000. Jane Street Group LLC acquired a new stake in shares of JinkoSolar in the third quarter worth $176,000. Guinness Atkinson Asset Management Inc grew its stake in shares of JinkoSolar by 35.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 26,900 shares of the semiconductor company’s stock worth $290,000 after acquiring an additional 7,100 shares during the last quarter. Finally, Guinness Asset Management Ltd grew its stake in shares of JinkoSolar by 34.8% in the third quarter. Guinness Asset Management Ltd now owns 37,990 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 9,800 shares during the last quarter. Institutional investors own 24.14% of the company’s stock.
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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