Glj Research Has Lowered Expectations for JinkoSolar (NYSE:JKS) Stock Price

JinkoSolar (NYSE:JKS) had its price target decreased by stock analysts at Glj Research from $13.08 to $10.95 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the semiconductor company’s stock. Glj Research’s price target indicates a potential downside of 45.06% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Jefferies Financial Group raised 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 shares of JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, JinkoSolar currently has an average rating of “Hold” and a consensus price target of $28.42.

JinkoSolar Stock Performance

JKS stock traded down $0.09 during trading on Thursday, reaching $19.93. The stock had a trading volume of 321,251 shares, compared to its average volume of 898,050. The firm has a market cap of $1.06 billion, a PE ratio of 33.78 and a beta of 0.30. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $24.47 and its two-hundred day moving average is $22.53. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $37.36.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 647 shares in the last quarter. Barclays PLC grew its stake in JinkoSolar by 30.2% during 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 in the last quarter. Banque Cantonale Vaudoise increased its holdings in JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 5,265 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in JinkoSolar by 15.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of JinkoSolar by 8.5% during the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after purchasing an additional 960 shares during the last quarter. 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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.