JinkoSolar (NYSE:JKS) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of JinkoSolar (NYSE:JKS) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other research analysts have also commented on JKS. Roth Capital upped their target price on JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. UBS Group reiterated a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Finally, The Goldman Sachs Group increased their price target on shares of JinkoSolar from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $19.49.

JinkoSolar Stock Performance

NYSE JKS opened at $27.19 on Friday. The company’s fifty day moving average is $26.75 and its two-hundred day moving average is $24.60. JinkoSolar has a 52-week low of $13.42 and a 52-week high of $31.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.30 and a quick ratio of 1.02. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -2.97 and a beta of 0.52.

JinkoSolar (NYSE:JKS) last released its earnings results on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, beating the consensus estimate of ($2.56) by $0.26. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Equities research analysts forecast that JinkoSolar will post -0.24 EPS for the current year.

Institutional Trading of JinkoSolar

Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in shares of JinkoSolar by 41.2% in the 1st quarter. Acadian Asset Management LLC now owns 387,834 shares of the semiconductor company’s stock worth $7,220,000 after acquiring an additional 113,187 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in JinkoSolar by 51.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 33,900 shares of the semiconductor company’s stock valued at $719,000 after purchasing an additional 11,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in JinkoSolar by 18.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 3,608 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of JinkoSolar by 9.9% during the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock worth $799,000 after purchasing an additional 3,394 shares during the last quarter. Finally, MTM Investment Management LLC bought a new stake in shares of JinkoSolar during the second quarter worth $28,000. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.