JinkoSolar Holding Co. (NYSE:JKS)‘s stock had its “neutral” rating reissued by equities researchers at Roth Capital in a research note issued on Thursday. They presently have a $18.00 price objective on the stock. Roth Capital’s target price would indicate a potential upside of 8.76% from the company’s previous close.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a report on Monday, June 20th. Morgan Stanley set a $27.20 target price on shares of JinkoSolar Holding and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reduced their target price on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, August 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.28.
JinkoSolar Holding (NYSE:JKS) traded down 1.15% during trading on Thursday, hitting $16.36. 149,908 shares of the company were exchanged. The firm’s 50 day moving average price is $16.86 and its 200-day moving average price is $19.53. The stock has a market capitalization of $515.19 million, a PE ratio of 3.10 and a beta of 3.36. JinkoSolar Holding has a 1-year low of $14.32 and a 1-year high of $29.50.
A number of institutional investors have recently modified their holdings of JKS. Teachers Advisors Inc. acquired a new position in shares of JinkoSolar Holding during the first quarter valued at $1,470,000. Prudential Financial Inc. increased its position in shares of JinkoSolar Holding by 56.0% in the first quarter. Prudential Financial Inc. now owns 154,400 shares of the company’s stock valued at $3,229,000 after buying an additional 55,400 shares during the period. BlackRock Inc. increased its position in shares of JinkoSolar Holding by 137.4% in the first quarter. BlackRock Inc. now owns 8,304 shares of the company’s stock valued at $173,000 after buying an additional 4,806 shares during the period. BlackRock Group LTD increased its position in shares of JinkoSolar Holding by 13.6% in the first quarter. BlackRock Group LTD now owns 77,346 shares of the company’s stock valued at $1,617,000 after buying an additional 9,255 shares during the period. Finally, Guinness Asset Management Ltd increased its position in shares of JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock valued at $173,000 after buying an additional 1,000 shares during the period. Institutional investors own 19.67% of the company’s stock.
About JinkoSolar Holding
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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