JinkoSolar’s (JKS) “Neutral” Rating Reaffirmed at Roth Mkm

Roth Mkm restated their neutral rating on shares of JinkoSolar (NYSE:JKS) in a research report report published on Tuesday, Benzinga reports. They currently have a $25.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also commented on JKS. The Goldman Sachs Group decreased their price objective on JinkoSolar from $26.00 to $23.00 and set a sell rating for the company in a research report on Thursday, April 11th. StockNews.com lowered JinkoSolar from a hold rating to a sell rating in a research report on Thursday, April 25th. Roth Capital lowered JinkoSolar from a buy rating to a neutral rating in a research report on Thursday, March 21st. UBS Group decreased their price objective on JinkoSolar from $31.00 to $30.00 and set a neutral rating for the company in a research report on Thursday, March 21st. Finally, HSBC reiterated a hold rating and set a $30.00 price target on shares of JinkoSolar in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $26.60.

JinkoSolar Trading Down 2.5 %

Shares of JKS opened at $24.12 on Tuesday. The business’s 50-day moving average price is $24.96 and its 200 day moving average price is $29.05. The stock has a market capitalization of $1.27 billion, a P/E ratio of 3.07 and a beta of 0.37. JinkoSolar has a 1-year low of $21.06 and a 1-year high of $50.46. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JKS. Mackenzie Financial Corp increased its position in JinkoSolar by 22.6% in the 3rd quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company’s stock worth $78,895,000 after buying an additional 493,976 shares during the period. National Bank of Canada FI increased its position in JinkoSolar by 494.1% in the 4th quarter. National Bank of Canada FI now owns 284,400 shares of the semiconductor company’s stock worth $9,948,000 after buying an additional 236,526 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in JinkoSolar by 44.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 634,700 shares of the semiconductor company’s stock worth $19,276,000 after buying an additional 195,300 shares during the period. Invesco Ltd. increased its position in JinkoSolar by 10.0% in the 3rd quarter. Invesco Ltd. now owns 1,657,885 shares of the semiconductor company’s stock worth $50,350,000 after buying an additional 150,262 shares during the period. Finally, Trexquant Investment LP increased its position in JinkoSolar by 257.5% in the 3rd quarter. Trexquant Investment LP now owns 144,230 shares of the semiconductor company’s stock worth $4,380,000 after buying an additional 103,883 shares during the period. 35.82% of the stock is owned by institutional investors.

About JinkoSolar

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.