StockNews.com Downgrades JinkoSolar (NYSE:JKS) to Sell

JinkoSolar (NYSE:JKS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

A number of other equities research analysts have also recently issued reports on JKS. HSBC restated a "hold" rating and set a $30.00 price objective on shares of JinkoSolar in a report on Monday, February 5th. Roth Capital cut JinkoSolar from a "buy" rating to a "neutral" rating in a research report on Thursday, March 21st. Daiwa Capital Markets downgraded JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Monday, February 5th. The Goldman Sachs Group decreased their price target on shares of JinkoSolar from $30.00 to $26.00 and set a "sell" rating on the stock in a research note on Thursday, March 21st. Finally, UBS Group dropped their price objective on shares of JinkoSolar from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.20.

JinkoSolar Stock Performance

Shares of NYSE:JKS traded up $0.39 on Monday, hitting $23.66. The company had a trading volume of 552,897 shares, compared to its average volume of 919,094. The stock has a 50 day moving average price of $25.87 and a 200 day moving average price of $29.65. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 3.01 and a beta of 0.37. JinkoSolar has a 1-year low of $22.06 and a 1-year high of $51.35.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in JinkoSolar by 657.5% during the third quarter. FMR LLC now owns 909 shares of the semiconductor company's stock worth $28,000 after buying an additional 789 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of JinkoSolar during the 3rd quarter worth approximately $31,000. Toroso Investments LLC bought a new position in JinkoSolar in the third quarter valued at approximately $35,000. Signaturefd LLC raised its position in JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 673 shares in the last quarter. Finally, Natixis bought a new stake in JinkoSolar during the fourth quarter worth $41,000. Institutional investors own 35.82% of the company's stock.

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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