On August 22 the company was downgraded from "Outperform" to "Neutral" in a statement from Credit Suisse. JinkoSolar Holding Company Limited presently has an average rating of "Hold" and a consensus target price of $21.00.
JinkoSolar Holding Company Limited (NYSE JKS) traded down 1.60% during trading on Wednesday, hitting $26.52. Commerzbank Aktiengesellschaft FI raised its holdings in shares of JinkoSolar Holding Company Limited by 361.3% during the first quarter. Finally, Citigroup Inc. downgraded shares of JinkoSolar Holding Company Limited from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $15.55 to $15.00 in a research note on Friday, May 26th. Finally, Morgan Stanley downgraded JinkoSolar Holding Company Limited from an "overweight" rating to an "underweight" rating and decreased their price target for the stock from $19.40 to $16.00 in a research note on Friday, May 26th. Two Brokerage firms have recommended the share with a sell recommendation, around three have published a hold recommendation, two has issued a buy recommendation and 1 have issued a strong buy recommendation to the firms shares.
Media coverage about JinkoSolar Holding Company Limited (NYSE:JKS) has been trending somewhat positive this week, Accern Sentiment reports. JinkoSolar Holding Company has a 52 week low of $12.72 and a 52 week high of $29.36. The company has a market capitalization of $862.32 million, a P/E ratio of 3.67 and a beta of 1.96.
The stock is trading at $28.52 slightly over $26.59, the stock's 50 day moving average and quite a bit above the 200 day moving average of $20.01.
JinkoSolar Holding Company Limited (NYSE:JKS) last announced its earnings results on Monday, June 5th.
In terms of earnings per share, 1 analyst has a 0.41 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 1 analyst has a 0.63 EPS mean target and for the quarter ending Dec-17 there are 2 estimates of 1.51 EPS. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $998.22 million.
They expect $0.69 EPS, down 84.06% or $0.58 from last year's $1.27 per share. The company's sales went up 30.4% compared with the same period in the prior year.
Now the shares of JinkoSolar Holding Co., Ltd. (JKS) has the trading volume of 1.8 Million shares with the average trading volume of 1160 shares.
TRADEMARK VIOLATION NOTICE: This article was first posted by Week Herald and is the property of of Week Herald. If you are reading this article on another publication, it was copied illegally and reposted in violation of U.S. and worldwide copyright laws. Lastly, KBC Group raised its holdings in JinkoSolar Holding Company by 34.6% in the 1st period.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of JinkoSolar Holding Company Limited by 0.4% during the second quarter. Ubs Group Ag downsized its position by shedding 90 shares a decrease of 47.4% from 03/31/2017 to 06/30/2017. KBC Group NV now owns 11,864 shares of the semiconductor company's stock worth $197,000 after buying an additional 3,050 shares during the last quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company's stock worth $191,000 after buying an additional 1,700 shares during the last quarter. J&P (CHINA) CAPITAL MANAGEMENT CO LTD is the second biggest holder with 1 million shares now valued at 23.73 million whilst Numeric Investors LLC has 1 million shares valued at 17.47 million.