JinkoSolar (NYSE:JKS) Upgraded at Wall Street Zen

JinkoSolar (NYSE:JKS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued reports about the company. Roth Mkm increased their price objective on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of JinkoSolar in a research report on Wednesday, December 24th. Zacks Research lowered shares of JinkoSolar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of JinkoSolar in a research note on Friday, November 28th. Finally, The Goldman Sachs Group lifted their target price on shares of JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Wednesday, November 19th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $22.33.

JinkoSolar Stock Performance

NYSE:JKS opened at $26.57 on Friday. JinkoSolar has a 12-month low of $13.42 and a 12-month high of $31.88. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.37 billion, a PE ratio of -2.90 and a beta of 0.52. The firm has a 50-day moving average price of $27.26 and a 200 day moving average price of $25.34.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Monday, November 17th. The semiconductor company reported ($2.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.56) by $0.26. JinkoSolar had a negative return on equity of 8.96% and a negative net margin of 4.98%.The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.72 billion. Research analysts anticipate that JinkoSolar will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of JinkoSolar

Hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC bought a new position in JinkoSolar in the 2nd quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of JinkoSolar in the 2nd quarter valued at $47,000. Banque Cantonale Vaudoise bought a new stake in shares of JinkoSolar during the fourth quarter worth $58,000. Leonteq Securities AG acquired a new position in shares of JinkoSolar during the fourth quarter valued at $101,000. Finally, New York State Common Retirement Fund bought a new position in JinkoSolar in the third quarter valued at about $182,000. 35.82% of the stock is owned by institutional investors.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.