Glj Research Cuts JinkoSolar (NYSE:JKS) Price Target to $10.95

JinkoSolar (NYSE:JKS) had its target price dropped by stock analysts at Glj Research from $13.08 to $10.95 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the semiconductor company’s stock. Glj Research’s target price indicates a potential downside of 45.06% from the company’s previous close.

JKS has been the subject of several other research reports. Jefferies Financial Group lifted their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Daiwa Capital Markets cut JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.42.

JinkoSolar Price Performance

JKS stock traded down $0.09 during trading on Thursday, hitting $19.93. 321,251 shares of the company’s stock traded hands, compared to its average volume of 898,050. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $37.36. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 33.78 and a beta of 0.30. The business has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $22.53. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.

Hedge Funds Weigh In On JinkoSolar

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of JinkoSolar by 108.0% during the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 647 shares during the period. Barclays PLC increased its holdings in JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 537 shares during the period. Banque Cantonale Vaudoise raised its position in JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 5,265 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of JinkoSolar by 15.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,200 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of JinkoSolar by 8.5% during the second quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 960 shares during the period. 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.