JinkoSolar (NYSE:JKS) Lowered to Sell at StockNews.com

JinkoSolar (NYSE:JKS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other analysts have also recently issued reports on JKS. Roth Capital cut JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. UBS Group dropped their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. HSBC reissued a “hold” rating and issued a $30.00 target price on shares of JinkoSolar in a report on Monday, February 5th. The Goldman Sachs Group dropped their target price on JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, April 11th. Finally, Roth Mkm reissued a “neutral” rating and issued a $25.00 target price (down previously from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.60.

JinkoSolar Stock Up 1.3 %

NYSE:JKS opened at $23.17 on Thursday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 2.95 and a beta of 0.37. The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. JinkoSolar has a 52 week low of $21.06 and a 52 week high of $50.46. The stock’s fifty day moving average is $25.12 and its two-hundred day moving average is $29.19.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. Research analysts anticipate that JinkoSolar will post 5.27 EPS for the current year.

Hedge Funds Weigh In On JinkoSolar

Several hedge funds have recently made changes to their positions in JKS. Headlands Technologies LLC purchased a new position in shares of JinkoSolar during the third quarter worth about $31,000. Signaturefd LLC grew its holdings in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after buying an additional 673 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of 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 buying an additional 1,678 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in shares of JinkoSolar during the fourth quarter worth about $126,000. Finally, Van ECK Associates Corp grew its holdings in shares of JinkoSolar by 16.0% during the third quarter. Van ECK Associates Corp now owns 14,379 shares of the semiconductor company’s stock worth $437,000 after buying an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 35.82% 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. 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.