JinkoSolar (NYSE:JKS) Downgraded by Roth Capital to Neutral


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Roth Capital lowered shares of JinkoSolar (NYSE:JKS) from a buy rating to a neutral rating in a research note issued to investors on Monday, Price Targets.com reports. The firm currently has $38.00 price target on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on JKS. Zacks Investment Research raised JinkoSolar from a sell rating to a hold rating in a research note on Monday, March 15th. The Goldman Sachs Group increased their target price on JinkoSolar from $34.00 to $39.00 and gave the stock a sell rating in a research note on Monday, January 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $36.33.

JKS opened at $35.81 on Monday. The stock has a fifty day simple moving average of $43.94 and a two-hundred day simple moving average of $58.06. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 26.33 and a beta of 1.09. JinkoSolar has a 12-month low of $13.67 and a 12-month high of $90.20.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Thursday, April 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.25). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. JinkoSolar had a return on equity of 7.53% and a net margin of 2.75%. JinkoSolar’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS. On average, analysts predict that JinkoSolar will post 3.31 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in JKS. Exchange Traded Concepts LLC purchased a new stake in shares of JinkoSolar during the fourth quarter valued at $27,000. Fieldpoint Private Securities LLC purchased a new stake in shares of JinkoSolar during the fourth quarter valued at $31,000. Banque Cantonale Vaudoise purchased a new stake in shares of JinkoSolar during the fourth quarter valued at $41,000. Wells Fargo & Company MN boosted its position in shares of JinkoSolar by 100.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,000 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 500 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its position in shares of JinkoSolar by 205.6% during the fourth quarter. Sowell Financial Services LLC now owns 1,372 shares of the semiconductor company’s stock valued at $85,000 after buying an additional 923 shares during the last quarter. 57.91% of the stock is currently owned by institutional investors.

JinkoSolar Company Profile

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; and develops commercial solar power projects.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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