Zacks Investment Research upgraded shares of JinkoSolar (NYSE:JKS) from a hold rating to a buy rating in a report issued on Tuesday morning, Zacks.com reports. They currently have $26.00 price objective on the semiconductor company’s stock.

According to Zacks, “JinkoSolar Holding Co., Ltd. is a solar product manufacturer with operations based in Jiangxi Province and Zhejiang Province in China. JinkoSolar has built a vertically integrated solar product value chain from recovered silicon materials to solar modules. JinkoSolar’s principal products are silicon wafers, solar cells and solar modules which are all along the photovoltaic value chain, with a global network spanning across Europe, North America and Asia. “

Other research analysts also recently issued reports about the company. UBS Group downgraded JinkoSolar from a buy rating to a neutral rating and boosted their price objective for the company from $22.00 to $25.00 in a research note on Monday, June 17th. Roth Capital set a $24.00 price objective on JinkoSolar and gave the company a buy rating in a research note on Monday, May 20th. ValuEngine downgraded Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, May 28th. Finally, Credit Suisse Group reiterated a sell rating and set a $6.00 price objective on shares of Deutsche Bank in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $19.00.

JinkoSolar stock opened at $20.92 on Tuesday. The company’s 50-day moving average price is $21.85. The company has a market cap of $570.32 million, a P/E ratio of 13.77, a P/E/G ratio of 0.39 and a beta of 2.07. JinkoSolar has a 52-week low of $7.11 and a 52-week high of $24.84. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.29.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Friday, June 28th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The company had revenue of $845.90 million for the quarter, compared to the consensus estimate of $976.85 million. JinkoSolar had a net margin of 1.68% and a return on equity of 5.35%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that JinkoSolar will post 2.79 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in JinkoSolar by 3.8% in the 1st quarter. First Trust Advisors LP now owns 27,780 shares of the semiconductor company’s stock worth $500,000 after purchasing an additional 1,018 shares during the period. CENTRAL TRUST Co boosted its stake in JinkoSolar by 125.6% in the 1st quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 1,390 shares during the period. Hanson & Doremus Investment Management bought a new position in JinkoSolar in the 1st quarter worth approximately $30,000. Deutsche Bank AG boosted its stake in JinkoSolar by 3.9% in the 4th quarter. Deutsche Bank AG now owns 48,655 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 1,827 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of JinkoSolar by 5.6% during the 4th quarter. Van ECK Associates Corp now owns 36,262 shares of the semiconductor company’s stock worth $359,000 after acquiring an additional 1,907 shares in the last quarter. Institutional investors and hedge funds own 37.61% 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 in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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