Goldman Sachs Group initiated coverage on shares of JinkoSolar (NYSE:JKS) in a research report report published on Tuesday, January 9th, MarketBeat Ratings reports. The brokerage issued a sell rating and a $16.00 target price on the semiconductor company’s stock.
A number of other equities research analysts have also recently weighed in on JKS. Axiom Securities initiated 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 lifted 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. Zacks Investment Research cut JinkoSolar from a hold rating to a strong sell rating in a report on Wednesday, September 27th. Finally, ValuEngine cut JinkoSolar from a strong-buy rating to a buy rating in a report on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $18.86.
Shares of JinkoSolar (JKS) traded down $0.02 during midday trading on Tuesday, reaching $21.45. 71,175 shares of the company’s stock were exchanged, compared to its average volume of 480,775. The company has a quick ratio of 0.77, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. JinkoSolar has a 1 year low of $14.13 and a 1 year high of $30.50. The company has a market capitalization of $698.78, a PE ratio of 4.22, a P/E/G ratio of 1.90 and a beta of 1.61.
JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). The business had revenue of $964.80 million for the quarter, compared to the consensus estimate of $849.17 million. JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. research analysts anticipate that JinkoSolar will post 0.77 earnings per share for the current year.
A number of large investors have recently made changes to their positions in JKS. TIAA CREF Investment Management LLC raised its holdings in JinkoSolar by 1,601.1% during the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock worth $6,546,000 after purchasing an additional 296,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in JinkoSolar by 45.3% during the second quarter. Dimensional Fund Advisors LP now owns 890,728 shares of the semiconductor company’s stock worth $18,526,000 after purchasing an additional 277,537 shares in the last quarter. J&P China Capital Management CO. Ltd. raised its holdings in JinkoSolar by 19.2% during 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 purchasing an additional 219,302 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in JinkoSolar by 103.9% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 371,300 shares of the semiconductor company’s stock worth $9,264,000 after purchasing an additional 189,170 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new stake in JinkoSolar during the third quarter worth approximately $4,559,000. 21.30% of the stock is currently owned by hedge funds and other institutional investors.
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JinkoSolar Company Profile
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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