JinkoSolar (NYSE:JKS) Price Target Lowered to $22.00 at UBS Group

JinkoSolar (NYSE:JKS) had its target price decreased by UBS Group from $25.00 to $22.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective suggests a potential upside of 8.70% from the company’s previous close.

JKS has been the topic of a number of other reports. Glj Research cut their target price on JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a research report on Friday, January 10th. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.19.

JinkoSolar Stock Down 1.4 %

JKS traded down $0.29 on Thursday, hitting $20.24. The company had a trading volume of 349,640 shares, compared to its average volume of 1,018,649. The stock has a fifty day simple moving average of $21.85 and a 200-day simple moving average of $23.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The firm has a market capitalization of $1.08 billion, a P/E ratio of 34.44 and a beta of 0.40. JinkoSolar has a 52-week low of $16.70 and a 52-week high of $37.36.

Institutional Trading of JinkoSolar

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in shares of JinkoSolar by 42.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company’s stock valued at $1,229,000 after buying an additional 14,765 shares during the last quarter. Twinbeech Capital LP raised its position in shares of JinkoSolar by 219.9% in the 4th quarter. Twinbeech Capital LP now owns 25,960 shares of the semiconductor company’s stock worth $646,000 after acquiring an additional 17,846 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of JinkoSolar during the 4th quarter worth $2,846,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in JinkoSolar by 85.1% in the fourth 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 last quarter. Finally, CoreCommodity Management LLC raised its holdings in JinkoSolar by 1.1% in the fourth quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company’s stock worth $1,533,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

About JinkoSolar

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.