Roth Capital set a $24.00 target price on JinkoSolar (NYSE:JKS) in a research note issued to investors on Monday morning, TipRanks reports. The firm currently has a buy rating on the semiconductor company’s stock.
Several other research firms also recently commented on JKS. ValuEngine upgraded JinkoSolar from a sell rating to a hold rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded JinkoSolar from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Wednesday, February 6th. Finally, Goldman Sachs Group upgraded JinkoSolar from a neutral rating to a buy rating and set a $20.00 price objective on the stock in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $14.67.
JinkoSolar stock opened at $17.94 on Monday. JinkoSolar has a 12 month low of $7.11 and a 12 month high of $21.80. The company has a current ratio of 0.95, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $500.13 million, a P/E ratio of 11.80, a PEG ratio of 0.59 and a beta of 2.34.
A number of institutional investors have recently bought and sold shares of the stock. Discovery Value Fund purchased a new stake in shares of JinkoSolar during the fourth quarter worth $15,176,000. BlackRock Inc. lifted its position in shares of JinkoSolar by 0.8% during the third quarter. BlackRock Inc. now owns 773,603 shares of the semiconductor company’s stock worth $8,332,000 after acquiring an additional 6,066 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of JinkoSolar by 46.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 445,594 shares of the semiconductor company’s stock worth $4,407,000 after acquiring an additional 141,005 shares in the last quarter. Vanguard Group Inc lifted its position in shares of JinkoSolar by 22.4% during the third quarter. Vanguard Group Inc now owns 804,267 shares of the semiconductor company’s stock worth $8,662,000 after acquiring an additional 147,292 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of JinkoSolar by 125.6% during the first quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 29.27% of the company’s stock.
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.
Further Reading: Leveraged Buyout (LBO)
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