Roth Capital Reaffirms Neutral Rating for JinkoSolar Holding Co. (JKS)
JinkoSolar Holding Co. (NYSE:JKS)‘s stock had its “neutral” rating restated by equities researchers at Roth Capital in a research report issued to clients and investors on Thursday. They presently have a $18.00 price objective on the stock. Roth Capital’s target price points to a potential upside of 8.76% from the stock’s previous close.
JKS has been the subject of a number of other reports. Morgan Stanley set a $27.20 price target on shares of JinkoSolar Holding and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of JinkoSolar Holding from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG decreased their price target on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.28.
JinkoSolar Holding (NYSE:JKS) traded down 0.48% during midday trading on Thursday, hitting $16.47. 205,347 shares of the company were exchanged. JinkoSolar Holding has a 1-year low of $14.32 and a 1-year high of $29.50. The stock has a market capitalization of $518.66 million, a price-to-earnings ratio of 3.12 and a beta of 3.36. The stock has a 50 day moving average of $16.86 and a 200-day moving average of $19.53.
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Several large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in JinkoSolar Holding by 137.4% in the first quarter. BlackRock Inc. now owns 8,304 shares of the company’s stock worth $173,000 after buying an additional 4,806 shares during the last quarter. Prudential Financial Inc. boosted its stake in JinkoSolar Holding by 56.0% in the first quarter. Prudential Financial Inc. now owns 154,400 shares of the company’s stock worth $3,229,000 after buying an additional 55,400 shares during the last quarter. First Trust Advisors LP boosted its stake in JinkoSolar Holding by 251.0% in the second quarter. First Trust Advisors LP now owns 78,420 shares of the company’s stock worth $1,598,000 after buying an additional 56,079 shares during the last quarter. BlackRock Group LTD boosted its stake in JinkoSolar Holding by 13.6% in the first quarter. BlackRock Group LTD now owns 77,346 shares of the company’s stock worth $1,617,000 after buying an additional 9,255 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in JinkoSolar Holding during the second quarter worth approximately $132,000. Hedge funds and other institutional investors own 19.67% of the company’s stock.
JinkoSolar Holding 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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