JinkoSolar (NYSE:JKS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts have also issued reports about the stock. Credit Suisse Group lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of JinkoSolar from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 27th. Axiom Securities assumed coverage on shares of JinkoSolar in a research note on Thursday, September 21st. They issued a “sell” rating and a $10.00 price objective for the company. Finally, Roth Capital lifted their price objective on shares of JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.40.

Shares of JinkoSolar (NYSE:JKS) traded up $2.18 during mid-day trading on Friday, hitting $26.66. 868,329 shares of the stock traded hands, compared to its average volume of 647,643. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.76 and a current ratio of 1.02. JinkoSolar has a 12 month low of $13.70 and a 12 month high of $30.50. The stock has a market cap of $796.75, a price-to-earnings ratio of 20.75, a P/E/G ratio of -3.18 and a beta of 1.86.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.13). JinkoSolar had a return on equity of 4.04% and a net margin of 4.36%. The company had revenue of $964.80 million for the quarter, compared to analysts’ expectations of $849.17 million. During the same quarter in the previous year, the business earned $1.40 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. equities research analysts anticipate that JinkoSolar will post 0.77 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in JinkoSolar by 20,995.0% in the 3rd quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 4,199 shares in the last quarter. Quantbot Technologies LP purchased a new position in JinkoSolar in the 3rd quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in JinkoSolar in the 3rd quarter valued at approximately $162,000. Aperio Group LLC purchased a new position in shares of JinkoSolar during the 2nd quarter valued at $205,000. Finally, Granite Point Capital Management L.P. purchased a new position in shares of JinkoSolar during the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 21.34% of the company’s stock.

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About JinkoSolar

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for JinkoSolar (NYSE:JKS)

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