JinkoSolar (NYSE:JKS) Receives “Neutral” Rating from Roth Capital

JinkoSolar (NYSE:JKS – Get Rating)‘s stock had its “neutral” rating reissued by stock analysts at Roth Capital in a report released on Monday, Zacks.com reports.

A number of other analysts have also recently commented on JKS. StockNews.com began coverage on shares of JinkoSolar in a research report on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group increased their price objective on shares of JinkoSolar from $44.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 24th. Finally, Zacks Investment Research cut shares of JinkoSolar from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, JinkoSolar presently has a consensus rating of “Hold” and a consensus target price of $51.42.

Shares of JKS opened at $54.10 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.58 billion, a P/E ratio of 61.48 and a beta of 0.89. The firm’s fifty day simple moving average is $50.94 and its two-hundred day simple moving average is $49.44. JinkoSolar has a 12 month low of $28.39 and a 12 month high of $66.37.

JinkoSolar (NYSE:JKS – Get Rating) last issued its quarterly earnings results on Wednesday, March 23rd. The semiconductor company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.18). The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.14 billion. JinkoSolar had a net margin of 1.11% and a return on equity of 3.22%. The business’s revenue was up 78.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. As a group, research analysts predict that JinkoSolar will post 2.91 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in JKS. First Trust Advisors LP lifted its position in JinkoSolar by 3.8% in the 1st quarter. First Trust Advisors LP now owns 27,780 shares of the semiconductor company’s stock valued at $500,000 after acquiring an additional 1,018 shares in the last quarter. Wells Fargo & Company MN lifted its position in JinkoSolar by 375.1% in the 2nd quarter. Wells Fargo & Company MN now owns 5,858 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 4,625 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in JinkoSolar by 8.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,333 shares of the semiconductor company’s stock valued at $977,000 after acquiring an additional 1,651 shares in the last quarter. Mackenzie Financial Corp lifted its position in JinkoSolar by 3.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,230,993 shares of the semiconductor company’s stock valued at $56,392,000 after acquiring an additional 37,889 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in JinkoSolar by 104.8% in the 3rd quarter. Alliancebernstein L.P. now owns 18,389 shares of the semiconductor company’s stock valued at $842,000 after acquiring an additional 399,346 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile (Get Rating)

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.

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