JinkoSolar (NYSE:JKS) Stock Price Up 7.1% - Still a Buy?

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report)'s share price rose 7.1% on Tuesday . The company traded as high as $28.56 and last traded at $28.20. Approximately 178,852 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 498,713 shares. The stock had previously closed at $26.34.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JKS. Jefferies Financial Group upped their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised JinkoSolar from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.33.

JinkoSolar Price Performance

The company has a market capitalization of $1.48 billion, a P/E ratio of 47.27 and a beta of 0.30. 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 company has a fifty day moving average price of $24.82 and a 200 day moving average price of $22.39.

Institutional Trading of JinkoSolar

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew 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 purchasing an additional 647 shares in the last quarter. Barclays PLC lifted its stake in JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 537 shares in the last quarter. Headlands Technologies LLC grew its stake in JinkoSolar by 607.7% during the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company's stock valued at $84,000 after acquiring an additional 3,476 shares in the last quarter. Banque Cantonale Vaudoise grew its stake 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 acquiring an additional 5,265 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased 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 valued at $236,000 after purchasing an additional 1,200 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

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.