JinkoSolar (NYSE:JKS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

JinkoSolar (NYSE:JKS) had its target price lifted by stock analysts at Jefferies Financial Group from $36.00 to $65.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 141.82% from the stock’s current price.

Several other research analysts have also commented on JKS. Roth Mkm dropped their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered their price target on JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. Finally, StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.33.

JinkoSolar Price Performance

NYSE JKS opened at $26.88 on Thursday. JinkoSolar has a 52-week low of $16.70 and a 52-week high of $38.37. 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 $1.43 billion, a price-to-earnings ratio of 45.00 and a beta of 0.35. The company has a 50 day simple moving average of $23.78 and a 200-day simple moving average of $22.41.

Institutional Trading of JinkoSolar

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in shares of JinkoSolar by 1.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,572,177 shares of the semiconductor company’s stock worth $53,296,000 after purchasing an additional 44,661 shares during the last quarter. Marshall Wace LLP boosted its position in JinkoSolar by 49.5% in the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock valued at $9,277,000 after buying an additional 148,268 shares in the last quarter. Millennium Management LLC grew its stake in JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock worth $3,500,000 after buying an additional 161,888 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of JinkoSolar by 16.0% during the second quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after buying an additional 2,939 shares in the last quarter. Finally, Decade Renewable Partners LP bought a new position in shares of JinkoSolar in the second quarter valued at approximately $4,272,000. 35.82% of the stock is currently owned by institutional investors.

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.