JinkoSolar (NYSE:JKS) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of JinkoSolar (NYSE:JKS) from a strong sell rating to a sell rating in a report issued on Tuesday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut JinkoSolar from a strong-buy rating to a hold rating in a report on Thursday, January 23rd. CICC Research upgraded JinkoSolar from a neutral rating to an outperform rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $23.75.

JinkoSolar stock traded down $0.24 during midday trading on Tuesday, reaching $25.49. 182,920 shares of the company’s stock were exchanged, compared to its average volume of 1,301,040. JinkoSolar has a 52 week low of $14.11 and a 52 week high of $28.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.75 and a current ratio of 0.95. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 0.21 and a beta of 2.01. The stock’s 50-day simple moving average is $22.06 and its 200 day simple moving average is $19.27.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Tuesday, November 19th. The semiconductor company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. JinkoSolar had a return on equity of 6.70% and a net margin of 2.27%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $0.76 earnings per share. JinkoSolar’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that JinkoSolar will post 2.48 earnings per share for the current year.

Several large investors have recently modified their holdings of JKS. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of JinkoSolar by 136.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,900 shares of the semiconductor company’s stock worth $84,000 after acquiring an additional 2,250 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of JinkoSolar by 195.0% during the third quarter. Tower Research Capital LLC TRC now owns 8,040 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 5,315 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of JinkoSolar by 64.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,894 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 2,300 shares during the period. Marshall Wace LLP bought a new stake in shares of JinkoSolar during the fourth quarter worth approximately $258,000. Finally, KBC Group NV bought a new stake in shares of JinkoSolar during the fourth quarter worth approximately $363,000. Institutional investors own 49.21% 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 in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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