JinkoSolar (NYSE:JKS) Stock Rating Lowered by StockNews.com

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

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

JinkoSolar Stock Up 4.5 %

NYSE JKS opened at $24.14 on Thursday. 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 capitalization of $1.27 billion, a P/E ratio of 3.08 and a beta of 0.37. JinkoSolar has a one year low of $21.06 and a one year high of $50.46. The stock has a 50 day moving average price of $24.99 and a 200-day moving average price of $29.12.

JinkoSolar (NYSE:JKS) last posted 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 firm 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%. As a group, equities analysts predict that JinkoSolar will post 5.27 EPS for the current fiscal year.

Institutional Trading of JinkoSolar

Several hedge funds and other institutional investors have recently bought and sold shares of JKS. Green Alpha Advisors LLC increased its stake in JinkoSolar by 21.9% in the first quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company’s stock worth $1,914,000 after purchasing an additional 13,674 shares during the period. Barometer Capital Management Inc. purchased a new stake in JinkoSolar in the fourth quarter worth $126,000. CoreCommodity Management LLC increased its stake in JinkoSolar by 45.1% in the fourth quarter. CoreCommodity Management LLC now owns 17,540 shares of the semiconductor company’s stock worth $648,000 after purchasing an additional 5,453 shares during the period. Hsbc Holdings PLC increased its stake in JinkoSolar by 212.2% in the fourth quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company’s stock worth $3,842,000 after purchasing an additional 70,689 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in JinkoSolar by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company’s stock worth $24,445,000 after purchasing an additional 92,737 shares during the period. 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.