JinkoSolar (JKS) Receives New Coverage from Analysts at Vertical Group

Equities researchers at Vertical Group began coverage on shares of JinkoSolar (NYSE:JKS) in a report issued on Friday, The Fly reports. The firm set a “sell” rating on the semiconductor company’s stock.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group started coverage on JinkoSolar in a report on Tuesday, January 9th. They set a “sell” rating and a $16.00 price objective for the company. Zacks Investment Research raised JinkoSolar from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, December 13th. Finally, ValuEngine cut JinkoSolar from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.86.

JinkoSolar (NYSE:JKS) traded down $0.33 during trading on Friday, hitting $21.47. The company had a trading volume of 291,228 shares, compared to its average volume of 493,951. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.77 and a current ratio of 1.02. JinkoSolar has a 12-month low of $14.13 and a 12-month high of $30.50. The stock has a market capitalization of $698.77, a P/E ratio of 35.20, a PEG ratio of 1.93 and a beta of 1.60.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The business had revenue of $964.80 million during the quarter, compared to analysts’ expectations of $849.17 million. During the same quarter last year, the firm earned $1.40 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts expect that JinkoSolar will post 0.77 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of JKS. Advisor Group Inc. raised its holdings in shares of JinkoSolar by 20,995.0% in the third quarter. Advisor Group Inc. now owns 4,219 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 4,199 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of JinkoSolar in the third quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of JinkoSolar in the third quarter worth $162,000. GRATRY & Co LLC acquired a new position in shares of JinkoSolar in the third quarter worth $259,000. Finally, SG Americas Securities LLC raised its holdings in shares of JinkoSolar by 22.3% in the third quarter. SG Americas Securities LLC now owns 11,500 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 2,100 shares during the last quarter. 21.44% of the stock is owned by hedge funds and other institutional investors.

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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.

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