JinkoSolar (NYSE:JKS) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of JinkoSolar (NYSE:JKS) from a sell rating to a hold rating in a research note issued to investors on Friday.

Other analysts have also issued reports about the stock. UBS Group cut their price target on shares of JinkoSolar from $31.00 to $30.00 and set a neutral rating on the stock in a research note on Thursday, March 21st. 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. Daiwa Capital Markets lowered shares of JinkoSolar from an outperform rating to a neutral rating and set a $25.00 price target on the stock. in a research note on Monday, February 5th. Roth Mkm reiterated a neutral rating and issued a $25.00 price target on shares of JinkoSolar in a research note on Tuesday, April 30th. Finally, Roth Capital downgraded JinkoSolar from a buy rating to a neutral rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $26.60.

JinkoSolar Trading Up 2.5 %

Shares of JKS opened at $26.18 on Friday. JinkoSolar has a 52-week low of $21.06 and a 52-week high of $48.82. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average is $24.91 and its two-hundred day moving average is $28.90. The stock has a market cap of $1.37 billion, a PE ratio of 4.08 and a beta of 0.38.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($1.11). JinkoSolar had a net margin of 2.74% and a return on equity of 11.12%. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion. Research analysts forecast that JinkoSolar will post 3.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JinkoSolar

Several large investors have recently modified their holdings of the company. Signaturefd LLC lifted its holdings 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 period. Headlands Technologies LLC acquired a new stake in shares of JinkoSolar during the third quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of JinkoSolar by 109.2% during 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 during the period. Barometer Capital Management Inc. acquired a new stake in shares of JinkoSolar during the fourth quarter worth $126,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 4,100 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

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.