StockNews.com Downgrades JinkoSolar (NYSE:JKS) to Sell

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

A number of other brokerages have also recently issued reports on JKS. HSBC reiterated a “hold” rating and issued a $30.00 price target on shares of JinkoSolar in a research note on Monday, February 5th. Daiwa Capital Markets cut 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. 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. UBS Group dropped 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. Finally, Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.60.

JinkoSolar Stock Performance

Shares of JKS stock opened at $21.67 on Wednesday. JinkoSolar has a 12 month low of $21.06 and a 12 month high of $50.46. The stock has a market cap of $1.14 billion, a PE ratio of 2.76 and a beta of 0.37. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $25.46 and its 200-day moving average price is $29.36.

JinkoSolar (NYSE:JKS) last announced its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($1.11). The business had revenue of $4.62 billion for 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%. On average, equities analysts expect that JinkoSolar will post 5.27 EPS for the current fiscal year.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds have recently bought and sold shares of JKS. Green Alpha Advisors LLC increased its position in shares of JinkoSolar by 21.9% during the 1st quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company’s stock valued at $1,914,000 after purchasing an additional 13,674 shares during the last quarter. Vanguard Group Inc. increased its position in shares of JinkoSolar by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company’s stock valued at $58,240,000 after purchasing an additional 22,254 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of JinkoSolar during the 4th quarter valued at about $1,108,000. Barclays PLC increased its position in shares of JinkoSolar by 126.7% during the 4th quarter. Barclays PLC now owns 149,506 shares of the semiconductor company’s stock valued at $5,523,000 after purchasing an additional 83,550 shares during the last quarter. Finally, Vienna Asset Management LLC purchased a new stake in shares of JinkoSolar during the 4th quarter valued at about $268,000. 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; and develops commercial solar power projects.