JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Average Rating of “Reduce” by Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.60.

Several research firms have recently issued reports on JKS. Roth Mkm reiterated a “neutral” rating and set a $25.00 target price on shares of JinkoSolar in a report on Tuesday, April 30th. StockNews.com cut JinkoSolar from a “hold” rating to a “sell” rating in a research report on Tuesday.

Institutional Trading of JinkoSolar

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after buying an additional 673 shares during the period. Tidal Investments LLC increased its stake in JinkoSolar by 4.0% during the 1st quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock worth $545,000 after buying an additional 825 shares during the period. Profund Advisors LLC boosted its position in JinkoSolar by 8.5% in the 2nd quarter. Profund Advisors LLC now owns 12,217 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 960 shares during the period. Headlands Technologies LLC boosted its holdings in JinkoSolar by 217.0% in the fourth quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 2,190 shares during the period. Finally, SG Americas Securities LLC grew its stake in JinkoSolar by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 2,939 shares in the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Trading Down 6.9 %

Shares of JinkoSolar stock opened at $17.97 on Friday. The firm has a market cap of $955.20 million, a PE ratio of 2.80 and a beta of 0.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 0.77. JinkoSolar has a 1 year low of $17.08 and a 1 year high of $38.65. The company has a 50 day simple moving average of $21.12 and a two-hundred day simple moving average of $24.01.

JinkoSolar Announces Dividend

The business also recently disclosed a Variable dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $1.50 per share. This represents a yield of 15.6%. The ex-dividend date of this dividend is Thursday, August 15th. JinkoSolar’s payout ratio is 46.18%.

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.