ValuEngine cut shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a report issued on Monday morning, ValuEngine reports.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded JinkoSolar from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Wednesday, February 6th. Roth Capital upgraded JinkoSolar from a neutral rating to a buy rating and cut their target price for the stock from $20.00 to $11.50 in a research note on Monday, February 4th. Goldman Sachs Group upgraded JinkoSolar from a neutral rating to a buy rating and set a $20.00 target price on the stock in a research note on Monday, February 4th. Finally, TheStreet upgraded JinkoSolar from a d+ rating to a c rating in a research note on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $12.58.

JKS stock opened at $17.69 on Monday. The stock has a market cap of $486.15 million, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.59 and a beta of 2.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.71. JinkoSolar has a 52-week low of $7.11 and a 52-week high of $21.80.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Friday, March 22nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.32). JinkoSolar had a net margin of 1.60% and a return on equity of 5.01%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.20 EPS. JinkoSolar’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts forecast 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. Discovery Value Fund bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $15,176,000. Norges Bank bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $3,317,000. Vanguard Group Inc raised its holdings in shares of JinkoSolar by 22.4% in the 3rd quarter. Vanguard Group Inc now owns 804,267 shares of the semiconductor company’s stock worth $8,662,000 after purchasing an additional 147,292 shares during the period. Vanguard Group Inc. raised its holdings in shares of JinkoSolar by 22.4% in the 3rd quarter. Vanguard Group Inc. now owns 804,267 shares of the semiconductor company’s stock worth $8,662,000 after purchasing an additional 147,292 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of JinkoSolar by 46.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 445,594 shares of the semiconductor company’s stock worth $4,407,000 after purchasing an additional 141,005 shares during the period. Hedge funds and other institutional investors own 29.27% 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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