Investment analysts at Goldman Sachs Group assumed coverage on shares of JinkoSolar (NYSE:JKS) in a report released on Tuesday, The Fly reports. The firm set a “sell” rating on the semiconductor company’s stock.

JKS has been the subject of several other research reports. Zacks Investment Research upgraded shares of JinkoSolar from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Roth Capital upped their price objective on shares of JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Axiom Securities started coverage on shares of JinkoSolar in a research note on Thursday, September 21st. They issued a “sell” rating and a $10.00 price objective for the company. Finally, ValuEngine downgraded shares of JinkoSolar from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.33.

JinkoSolar (JKS) opened at $24.13 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. JinkoSolar has a 12 month low of $13.70 and a 12 month high of $30.50. The stock has a market cap of $785.83, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.90.

JinkoSolar (NYSE:JKS) last released its quarterly earnings data on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The company had revenue of $964.80 million during the quarter, compared to analyst estimates of $849.17 million. During the same quarter in the prior year, the company earned $1.40 EPS. The business’s revenue was up 12.8% on a year-over-year basis. equities research analysts forecast that JinkoSolar will post 0.77 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in JKS. BNP Paribas Arbitrage SA boosted its stake in shares of JinkoSolar by 35.7% during the second quarter. BNP Paribas Arbitrage SA now owns 23,097 shares of the semiconductor company’s stock worth $480,000 after buying an additional 6,080 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of JinkoSolar during the second quarter worth about $377,000. Teachers Advisors LLC acquired a new stake in shares of JinkoSolar during the second quarter worth about $2,018,000. TIAA CREF Investment Management LLC boosted its stake in shares of JinkoSolar by 1,601.1% during the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock worth $6,546,000 after buying an additional 296,200 shares during the period. Finally, Granite Point Capital Management L.P. acquired a new stake in shares of JinkoSolar during the second quarter worth about $208,000. Institutional investors and hedge funds own 21.34% of the company’s stock.

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JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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