JinkoSolar (NYSE:JKS) Given Neutral Rating at Roth Mkm

JinkoSolar (NYSE:JKS)‘s stock had its “neutral” rating reiterated by Roth Mkm in a report released on Tuesday, Benzinga reports. They presently have a $25.00 price objective on the semiconductor company’s stock. Roth Mkm’s target price would indicate a potential downside of 0.40% from the company’s current price.

A number of other research firms have also weighed in on JKS. UBS Group decreased their target price on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. StockNews.com lowered shares of 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 report on Thursday, March 21st. The Goldman Sachs Group decreased their target price on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, April 11th. Finally, Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday, February 5th. Two investment 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, JinkoSolar currently has a consensus rating of “Hold” and a consensus target price of $26.60.

JinkoSolar Stock Performance

NYSE JKS opened at $25.10 on Tuesday. The company’s 50 day moving average is $24.93 and its 200-day moving average is $29.00. JinkoSolar has a 12-month low of $21.06 and a 12-month high of $49.20. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.32 billion, a P/E ratio of 3.79 and a beta of 0.37.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results 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). JinkoSolar had a net margin of 2.74% and a return on equity of 11.29%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. Sell-side analysts predict that JinkoSolar will post 5.27 earnings per share for the current year.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds and other institutional investors have recently bought and sold shares of JKS. Bank of New York Mellon Corp grew its stake in JinkoSolar by 10.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 65,392 shares of the semiconductor company’s stock worth $1,986,000 after buying an additional 6,299 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JinkoSolar by 109.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock valued at $94,000 after purchasing an additional 1,678 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of JinkoSolar by 22.6% in the 3rd quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock valued at $78,895,000 after purchasing an additional 493,976 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of JinkoSolar by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 73,834 shares of the semiconductor company’s stock valued at $2,242,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of JinkoSolar by 732.1% in the 3rd quarter. Barclays PLC now owns 65,956 shares of the semiconductor company’s stock valued at $2,003,000 after purchasing an additional 58,030 shares in the last quarter. Hedge funds and other institutional investors 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.