JinkoSolar (NYSE:JKS) Given New $22.00 Price Target at UBS Group

JinkoSolar (NYSE:JKS) had its target price lowered by equities researchers at UBS Group from $25.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price target points to a potential upside of 8.70% from the stock’s previous close.

JKS has been the topic of several other research reports. Glj Research dropped their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group boosted their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Daiwa Capital Markets cut JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.19.

JinkoSolar Price Performance

JKS traded down $0.29 during trading on Thursday, reaching $20.24. The company’s stock had a trading volume of 349,640 shares, compared to its average volume of 1,018,649. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $37.36. The firm has a fifty day simple moving average of $21.85 and a two-hundred day simple moving average of $23.15. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 34.44 and a beta of 0.40.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of JinkoSolar by 42.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company’s stock worth $1,229,000 after purchasing an additional 14,765 shares in the last quarter. Twinbeech Capital LP boosted its position in JinkoSolar by 219.9% in the 4th quarter. Twinbeech Capital LP now owns 25,960 shares of the semiconductor company’s stock valued at $646,000 after buying an additional 17,846 shares during the last quarter. Millennium Management LLC acquired a new position in shares of JinkoSolar during the fourth quarter valued at $2,846,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in JinkoSolar by 85.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company’s stock valued at $217,000 after purchasing an additional 3,998 shares during the period. Finally, CoreCommodity Management LLC boosted its stake in shares of JinkoSolar by 1.1% in the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company’s stock valued at $1,533,000 after purchasing an additional 640 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.