JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) 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
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.
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