ValuEngine Lowers JinkoSolar (JKS) to Sell

JinkoSolar (NYSE:JKS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

JKS has been the subject of several other research reports. TheStreet upgraded shares of JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th. Zacks Investment Research upgraded shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, February 6th. Goldman Sachs Group upgraded shares of JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, February 4th. Finally, Roth Capital upgraded shares of JinkoSolar from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $20.00 to $11.50 in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. JinkoSolar presently has an average rating of “Hold” and a consensus target price of $12.58.

JKS stock opened at $17.69 on Monday. JinkoSolar has a one year low of $7.11 and a one year high of $21.80. The firm has a market capitalization of $530.94 million, a PE ratio of 11.64, a PEG ratio of 0.62 and a beta of 2.34. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.31.

JinkoSolar (NYSE:JKS) last released its earnings results on Friday, March 22nd. The semiconductor company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.32). JinkoSolar had a return on equity of 5.01% and a net margin of 1.60%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts expect that JinkoSolar will post 2.97 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in JKS. BlackRock Inc. lifted its stake in shares of JinkoSolar by 0.8% in the third quarter. BlackRock Inc. now owns 773,603 shares of the semiconductor company’s stock valued at $8,332,000 after purchasing an additional 6,066 shares during the period. Jane Street Group LLC acquired a new stake in shares of JinkoSolar in the third quarter valued at about $176,000. Vanguard Group Inc. lifted its stake in shares of JinkoSolar by 22.4% in the third quarter. Vanguard Group Inc. now owns 804,267 shares of the semiconductor company’s stock valued at $8,662,000 after purchasing an additional 147,292 shares during the period. Vanguard Group Inc lifted its stake in shares of JinkoSolar by 22.4% in the third quarter. Vanguard Group Inc now owns 804,267 shares of the semiconductor company’s stock valued at $8,662,000 after purchasing an additional 147,292 shares during the period. Finally, Wealth Architects LLC acquired a new stake in shares of JinkoSolar in the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 30.56% of the company’s stock.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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