JinkoSolar (JKS) Downgraded to Hold at ValuEngine
JinkoSolar (NYSE:JKS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday.
Several other equities analysts also recently commented on JKS. Credit Suisse Group downgraded JinkoSolar from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $20.00 in a report on Tuesday, August 22nd. Axiom Securities started coverage on JinkoSolar in a report on Thursday, September 21st. They set a “sell” rating and a $10.00 price target on the stock. Roth Capital increased their price target on JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded JinkoSolar from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. JinkoSolar presently has an average rating of “Hold” and a consensus price target of $17.40.
JinkoSolar (NYSE JKS) opened at $26.66 on Friday. JinkoSolar has a twelve month low of $13.70 and a twelve month high of $30.50. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $854.52, a P/E ratio of 10.78, a P/E/G ratio of -3.09 and a beta of 1.86.
JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). JinkoSolar had a net margin of 5.42% and a return on equity of 7.88%. The company had revenue of $964.80 million for the quarter, compared to analyst estimates of $849.17 million. During the same quarter last year, the business earned $1.40 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts expect that JinkoSolar will post 0.77 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. J&P China Capital Management CO. Ltd. grew its stake in shares of JinkoSolar by 19.2% in the third quarter. J&P China Capital Management CO. Ltd. now owns 1,360,255 shares of the semiconductor company’s stock worth $33,938,000 after acquiring an additional 219,302 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JinkoSolar by 45.3% in the second quarter. Dimensional Fund Advisors LP now owns 890,728 shares of the semiconductor company’s stock worth $18,526,000 after acquiring an additional 277,537 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of JinkoSolar by 103.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 371,300 shares of the semiconductor company’s stock worth $9,264,000 after acquiring an additional 189,170 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of JinkoSolar by 1,601.1% in the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock worth $6,546,000 after acquiring an additional 296,200 shares during the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in shares of JinkoSolar in the third quarter worth $4,559,000. Institutional investors and hedge funds own 21.34% of the company’s stock.
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JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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