Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) were up 16.1% during mid-day trading on Tuesday . The company traded as high as $18.59 and last traded at $18.58. Approximately 2,037,064 shares were traded during mid-day trading, an increase of 170% from the average daily volume of 753,530 shares. The stock had previously closed at $16.00.
A number of analysts have issued reports on JKS shares. Goldman Sachs Group raised JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, February 4th. UBS Group cut their target price on JinkoSolar from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Williams Capital started coverage on JinkoSolar in a research note on Wednesday, December 19th. They issued a “sell” rating and a $1.00 target price for the company. TheStreet raised JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research note on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.58.
The company has a debt-to-equity ratio of 0.21, a current ratio of 0.94 and a quick ratio of 0.71. The stock has a market capitalization of $523.24 million, a PE ratio of 26.94, a PEG ratio of 0.63 and a beta of 2.32.
JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Monday, November 26th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.81. The firm had revenue of $974.80 million during the quarter, compared to the consensus estimate of $934.65 million. JinkoSolar had a return on equity of 4.07% and a net margin of 1.29%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. As a group, research analysts anticipate that JinkoSolar Holding Co., Ltd. will post 1.84 EPS for the current year.
Several large investors have recently modified their holdings of JKS. BlackRock Inc. increased its position in shares of JinkoSolar by 20.1% during the 2nd quarter. BlackRock Inc. now owns 767,537 shares of the semiconductor company’s stock worth $10,570,000 after purchasing an additional 128,716 shares during the last quarter. Credit Suisse AG increased its position in shares of JinkoSolar by 195.6% during the 3rd quarter. Credit Suisse AG now owns 89,747 shares of the semiconductor company’s stock worth $967,000 after purchasing an additional 59,389 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of JinkoSolar during the 3rd quarter worth about $176,000. Mackenzie Financial Corp acquired a new stake in shares of JinkoSolar during the 3rd quarter worth about $165,000. Finally, Vanguard Group Inc. increased its position in shares of JinkoSolar by 22.4% during the 3rd quarter. Vanguard Group Inc. now owns 804,267 shares of the semiconductor company’s stock worth $8,662,000 after purchasing an additional 147,292 shares during the last quarter. 29.89% of the stock is owned by hedge funds and other institutional investors.
JinkoSolar Company Profile (NYSE:JKS)
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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