JinkoSolar (NYSE:JKS) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their neutral rating on shares of JinkoSolar (NYSE:JKS) in a research note published on Tuesday morning, Benzinga reports. They currently have a $25.00 price objective on the semiconductor company’s stock.

Several other equities research analysts also recently weighed in on JKS. UBS Group decreased their target price on JinkoSolar from $31.00 to $30.00 and set a neutral rating for the company in a research report on Thursday, March 21st. StockNews.com cut JinkoSolar from a hold rating to a sell rating in a report on Thursday, April 25th. Roth Capital lowered shares of JinkoSolar from a buy rating to a neutral rating in a research note on Thursday, March 21st. HSBC restated a hold rating and issued a $30.00 target price on shares of JinkoSolar in a research note on Monday, February 5th. Finally, The Goldman Sachs Group dropped their price target on shares of JinkoSolar from $26.00 to $23.00 and set a sell rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $26.60.

JinkoSolar Trading Up 2.6 %

NYSE JKS opened at $26.19 on Tuesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 4.09 and a beta of 0.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 1.03. JinkoSolar has a one year low of $21.06 and a one year high of $48.82. The company’s 50 day moving average price is $24.90 and its 200 day moving average price is $28.95.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.08 billion. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. On average, sell-side analysts predict that JinkoSolar will post 3.84 EPS for the current year.

Institutional Trading of JinkoSolar

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in JinkoSolar during the 3rd quarter valued at $31,000. Signaturefd LLC lifted its position in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 673 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in JinkoSolar by 109.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 1,678 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in JinkoSolar in the fourth quarter valued at about $126,000. Finally, Daiwa Securities Group Inc. raised its stake in JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.