Daiwa Securities Group Inc. lifted its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Rating) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,400 shares of the semiconductor company's stock after purchasing an additional 400 shares during the quarter. Daiwa Securities Group Inc.'s holdings in JinkoSolar were worth $188,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Selective Wealth Management Inc. acquired a new stake in shares of JinkoSolar during the second quarter worth $55,000. Financial Gravity Asset Management Inc. purchased a new stake in JinkoSolar during the 2nd quarter valued at about $5,543,000. Wipfli Financial Advisors LLC acquired a new position in shares of JinkoSolar in the third quarter valued at about $89,000. Atlas Capital Advisors LLC purchased a new position in shares of JinkoSolar in the second quarter worth about $152,000. Finally, Seaport Global Advisors LLC purchased a new stake in JinkoSolar in the second quarter valued at approximately $153,000.
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JinkoSolar Trading Down 1.9 %
Shares of JKS stock opened at $57.14 on Thursday. JinkoSolar Holding Co., Ltd. has a 1-year low of $35.41 and a 1-year high of $76.92. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -248.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $49.38 and a 200-day simple moving average of $53.87.
JinkoSolar (NYSE:JKS – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The semiconductor company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.20). The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.44 billion. JinkoSolar had a return on equity of 4.59% and a net
margin of 0.25%. On average, equities research analysts expect that JinkoSolar Holding Co., Ltd. will post 3.69 EPS for the current fiscal year.
Analysts Set New Price Targets
JKS has been the subject of a number of recent research reports. HSBC assumed coverage on shares of JinkoSolar in a research report on Wednesday, September 28th. They set a "buy" rating and a $76.00 price target for the company. TheStreet raised JinkoSolar from a "d+" rating to a "c" rating in a report on Friday, October 28th. StockNews.com upgraded JinkoSolar from a "sell" rating to a "hold" rating in a research report on Friday, October 21st. Finally, Roth Capital raised shares of JinkoSolar from a "neutral" rating to a "buy" rating and increased their price target for the stock from $50.00 to $70.00 in a report on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.25.
JinkoSolar Company Profile
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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; and develops commercial solar power projects.
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- Get a free copy of the StockNews.com research report on JinkoSolar (JKS)
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