JinkoSolar (NYSE:JKS) Price Target Raised to $65.00

JinkoSolar (NYSE:JKS) had its target price increased by equities researchers at Jefferies Financial Group from $36.00 to $65.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s target price points to a potential upside of 154.80% from the stock’s current price.

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

JinkoSolar Stock Performance

Shares of JinkoSolar stock traded up $0.46 during trading on Thursday, reaching $25.51. The company’s stock had a trading volume of 978,039 shares, compared to its average volume of 1,076,572. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The business’s fifty day moving average price is $23.69 and its 200-day moving average price is $22.39. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 43.24 and a beta of 0.35. JinkoSolar has a one year low of $16.70 and a one year high of $38.37.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of JKS. Signaturefd LLC lifted its position in JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after buying an additional 647 shares in the last quarter. Barclays PLC boosted its position in JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 537 shares during the last quarter. Headlands Technologies LLC grew its position in shares of JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock worth $84,000 after buying an additional 3,476 shares during the period. Banque Cantonale Vaudoise grew its position in shares of JinkoSolar by 198.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after buying an additional 5,265 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of JinkoSolar by 15.8% during 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. Institutional investors own 35.82% 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. 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.