JinkoSolar (NYSE:JKS) Given New $10.95 Price Target at Glj Research

JinkoSolar (NYSE:JKSFree Report) had its price objective cut by Glj Research from $13.08 to $10.95 in a report issued on Thursday,Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on JKS. Jefferies Financial Group upped their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.42.

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JinkoSolar Price Performance

NYSE JKS opened at $21.00 on Thursday. The company has a 50 day moving average price of $24.45 and a two-hundred day moving average price of $22.52. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36. The stock has a market capitalization of $1.12 billion, a PE ratio of 35.59 and a beta of 0.30. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.

Institutional Investors Weigh In On JinkoSolar

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of JinkoSolar during the 4th quarter worth about $1,435,000. Green Alpha Advisors LLC lifted its holdings in shares of JinkoSolar by 15.4% during the fourth quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company’s stock worth $2,055,000 after buying an additional 10,983 shares during the last quarter. Barclays PLC boosted its position in shares of JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 537 shares during the period. Geode Capital Management LLC grew its stake in shares of JinkoSolar by 19.7% in the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock worth $1,197,000 after acquiring an additional 7,333 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in JinkoSolar during the third quarter worth $928,000. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Company Profile

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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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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