JinkoSolar (NYSE:JKS) Receives Neutral Rating from Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of JinkoSolar (NYSE:JKS) in a research note published on Tuesday, Benzinga reports. They currently have a $25.00 price target on the semiconductor company’s stock.

Several other brokerages have also commented on JKS. Roth Capital lowered JinkoSolar from a buy rating to a neutral rating in a research report on Thursday, March 21st. UBS Group decreased their target price on JinkoSolar from $31.00 to $30.00 and set a neutral rating for the company in a research note on Thursday, March 21st. StockNews.com lowered JinkoSolar from a hold rating to a sell rating in a research report on Thursday, April 25th. The Goldman Sachs Group reduced their price target on shares of JinkoSolar from $26.00 to $23.00 and set a sell rating for the company in a report on Thursday, April 11th. Finally, Daiwa Capital Markets cut 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $26.60.

JinkoSolar Stock Up 2.6 %

Shares of NYSE:JKS traded up $0.66 during midday trading on Tuesday, hitting $26.19. 588,193 shares of the company’s stock traded hands, compared to its average volume of 923,974. JinkoSolar has a twelve month low of $21.06 and a twelve month high of $48.82. The company has a market cap of $1.37 billion, a PE ratio of 4.09 and a beta of 0.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 1.03. The firm’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $28.95.

JinkoSolar (NYSE:JKS) last announced its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share 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 11.12%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.08 billion. On average, equities research analysts anticipate that JinkoSolar will post 3.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in JinkoSolar by 202.1% during the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 673 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of JinkoSolar in the third quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in JinkoSolar by 109.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,215 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 1,678 shares during the period. Van ECK Associates Corp raised its position in JinkoSolar by 16.0% in the third quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 1,987 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in 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 acquiring an additional 2,142 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors.

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.