JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) traded up 6.7% during trading on Tuesday . The company traded as high as $23.38 and last traded at $23.29. 409,386 shares were traded during trading, a decline of 56% from the average session volume of 928,816 shares. The stock had previously closed at $21.82.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on JinkoSolar from $26.00 to $23.00 and set a "sell" rating for the company in a research report on Thursday, April 11th. Roth Capital downgraded JinkoSolar from a "buy" rating to a "neutral" rating in a research report on Thursday, March 21st. Daiwa Capital Markets lowered JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Monday, February 5th. UBS Group decreased their price target on JinkoSolar from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. Finally, Roth Mkm restated a "neutral" rating and set a $25.00 price target (down previously from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.60.
Read Our Latest Research Report on JinkoSolar
JinkoSolar Stock Performance
The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $29.24. The firm has a market cap of $1.20 billion, a PE ratio of 2.91 and a beta of 0.37.
JinkoSolar (NYSE:JKS - Get Free Report) last released its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.32 by ($1.11). JinkoSolar had a return on equity of 11.85% and a net margin of 2.89%. The business had revenue of $4.62 billion during the quarter, compared to analysts' expectations of $4.08 billion. As a group, equities research analysts forecast that JinkoSolar Holding Co., Ltd. will post 5.27 earnings per share for the current fiscal year.
Institutional Trading of JinkoSolar
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in shares of JinkoSolar by 22.6% during the third quarter. Mackenzie Financial Corp now owns 2,678,032 shares of the semiconductor company's stock valued at $78,895,000 after buying an additional 493,976 shares during the period. Invesco Ltd. boosted its position in JinkoSolar by 10.0% during the third quarter. Invesco Ltd. now owns 1,657,885 shares of the semiconductor company's stock valued at $50,350,000 after purchasing an additional 150,262 shares in the last quarter. Vanguard Group Inc. boosted its position in JinkoSolar by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,554,356 shares of the semiconductor company's stock valued at $47,206,000 after purchasing an additional 27,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in JinkoSolar by 16.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company's stock valued at $24,445,000 after purchasing an additional 92,737 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in JinkoSolar by 44.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 634,700 shares of the semiconductor company's stock valued at $19,276,000 after purchasing an additional 195,300 shares in the last quarter. Hedge funds and other institutional investors own 35.82% of the company's stock.
JinkoSolar Company Profile
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Get Free Report)
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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