Economy

JinkoSolar Holding Company Limited (NASDAQ:JKS) Expected To Report Earnings On Wednesday

They now have a United States dollars 18 price target on the stock.

Short traders are feeling a little more bearish lately if you take a look at the increase in short interest.

Several other large investors also recently modified their holdings of JKS.

The company is now up by 2.48 percent from yesterday's close. SG Americas Securities has an ownership of 11,500 stocks of the semiconductor firms shares valued $191,000 after scooping up an extra 1,700 shares through out the quarter. JinkoSolar Holding Company Limited earned a daily sentiment score of 0.19 on Accern's scale. The number of shares now owned by investors are 31.71 mln. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in JinkoSolar Holding Company by 7.1% in the 1st period. Van ECK Associates Corp now owns 54,681 shares of the semiconductor company's stock valued at $906,000 after buying an additional 1,511 shares during the last quarter. FNY Partners Fund LP increased its holdings in JinkoSolar Holding Company Limited by 1,180.0% during the first quarter.

JinkoSolar will cease developing new overseas downstream solar projects starting in the third quarter of 2017 in line with the company's focuses shifting towards its core competencies in manufacturing. Ubs Group Ag now controls 100 shares worth $2,000. The P/E ratio is 3.88 and the market cap is 912.55M. The stock's 50 day moving average price is $26.78 and its 200 day moving average price is $20.16. JinkoSolar Holding Company Limited has a 1-year low of $12.72 and a 1-year high of $29.36.

The value of the company's investment in JinkoSolar Holding Company Limi went from $396,000 to $45,000 a change of $351,000 quarter to quarter. Next quarter's EPS is forecasted at $0.41 and the next full year EPS is projected to be $2.04.

03/02/2016 - JinkoSolar Holding Company Limited had its "outperform" rating reiterated by analysts at Daiwa Capital Markets. For the quarter ending Dec-17, 2 analysts have a mean sales target of 756.08 million whilst for the year ending Dec-17, 3 analysts have a mean target of 3,332.22 million. Analysts expect that JinkoSolar Holding Company Limited will post $1.53 earnings per share for the current year.

JKS has been the subject of several recent research reports. Axiom Securities reissued a "buy" rating on shares of JinkoSolar Holding Company Limited in a research note on Saturday, July 22nd. Lastly, Morgan Stanley cut shares of JinkoSolar Holding Company from an "overweight" recommendation to an "underweight" recommendation and downgraded their PT for the shares from $19.40 to $16.00 in a study report published on Fri, May 26th. The original version of this article can be read at https://weekherald.com/2017/09/06/jinkosolar-holding-company-limited-jks-downgraded-by-credit-suisse-group.html. 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. The company has a consensus rating of "Hold" and a consensus target price of $21.00.

WARNING: This story was published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this piece on another website, it was stolen and republished in violation of U.S. & worldwide trademark & copyright laws.

Now the P/E of JinkoSolar Holding Co., Ltd. (JKS) stands at 10.08.



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