JinkoSolar (NYSE:JKS) Lowered to Sell at StockNews.com

JinkoSolar (NYSE:JKS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

JKS has been the subject of a number of other research reports. Roth Mkm restated a “neutral” rating and issued a $25.00 price target (down previously from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. UBS Group reduced their price target on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. HSBC restated a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research report on Monday, February 5th. Daiwa Capital Markets cut JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Monday, February 5th. Finally, The Goldman Sachs Group reduced their price target on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Stock Up 1.3 %

JKS stock opened at $23.17 on Thursday. JinkoSolar has a fifty-two week low of $21.06 and a fifty-two week high of $50.46. The business’s 50-day moving average is $25.12 and its two-hundred day moving average is $29.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 2.95 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. As a group, analysts forecast that JinkoSolar will post 5.27 earnings per share for the current year.

Institutional Trading of JinkoSolar

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in JinkoSolar by 202.1% during the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 673 shares in the last quarter. Headlands Technologies LLC purchased a new position in JinkoSolar during the 3rd quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JinkoSolar by 109.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock valued at $94,000 after buying an additional 1,678 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in JinkoSolar during the 4th quarter valued at approximately $126,000. Finally, Van ECK Associates Corp grew its holdings in JinkoSolar by 16.0% during the 3rd quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 1,987 shares in the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

About JinkoSolar

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; and develops commercial solar power projects.