JinkoSolar (NYSE:JKS) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Monday, February 4th. The firm presently has a $20.00 target price on the semiconductor company’s stock. Goldman Sachs Group’s price target would suggest a potential downside of 3.89% from the company’s previous close.
JKS has been the topic of several other research reports. ValuEngine upgraded JinkoSolar from a “strong sell” rating to a “sell” rating in a report on Friday, January 25th. TheStreet upgraded shares of JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th. Williams Capital began coverage on shares of JinkoSolar in a research note on Wednesday, December 19th. They issued a “sell” rating and a $1.00 price objective on the stock. Credit Suisse Group restated a “neutral” rating on shares of JinkoSolar in a research note on Tuesday, November 27th. Finally, UBS Group lowered their price objective on shares of JinkoSolar from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. JinkoSolar has an average rating of “Hold” and a consensus target price of $12.58.
NYSE:JKS traded up $0.22 during mid-day trading on Monday, reaching $20.81. The stock had a trading volume of 889,350 shares, compared to its average volume of 934,858. JinkoSolar has a fifty-two week low of $7.11 and a fifty-two week high of $21.80. The company has a market capitalization of $593.71 million, a P/E ratio of 30.60, a P/E/G ratio of 0.71 and a beta of 2.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.71 and a current ratio of 0.94.
Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $408,000. Two Sigma Advisers LP acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $157,000. Two Sigma Investments LP acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $793,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of JinkoSolar in the fourth quarter valued at $451,000. Finally, Van ECK Associates Corp increased its position in JinkoSolar by 5.6% in the fourth quarter. Van ECK Associates Corp now owns 36,262 shares of the semiconductor company’s stock worth $359,000 after purchasing an additional 1,907 shares during the period. 29.89% of the stock is owned by institutional investors.
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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