JinkoSolar Holding Company Limited (NYSE:JKS) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned an average rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.3333.

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of JinkoSolar in a report on Wednesday, December 24th. The Goldman Sachs Group upped their price target on JinkoSolar from $18.00 to $20.00 and gave the company a “sell” rating in a report on Wednesday, November 19th. Zacks Research lowered JinkoSolar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Roth Mkm lifted their target price on JinkoSolar from $17.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 21st. Finally, Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th.

Institutional Trading of JinkoSolar

Several hedge funds and other institutional investors have recently modified their holdings of JKS. MTM Investment Management LLC bought a new stake in JinkoSolar during the second quarter valued at about $28,000. Raymond James Financial Inc. bought a new position in shares of JinkoSolar during the 2nd quarter worth approximately $47,000. Banque Cantonale Vaudoise bought a new stake in shares of JinkoSolar in the 4th quarter worth about $58,000. Leonteq Securities AG acquired a new stake in shares of JinkoSolar during the fourth quarter worth approximately $101,000. Finally, Federation des caisses Desjardins du Quebec raised its position in JinkoSolar by 277.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 5,211 shares during the last quarter. Institutional investors and hedge funds own 35.82% of the company’s stock.

JinkoSolar Trading Down 3.9%

Shares of NYSE:JKS opened at $25.44 on Friday. JinkoSolar has a fifty-two week low of $13.42 and a fifty-two week high of $31.88. The company has a market cap of $1.31 billion, a PE ratio of -2.78 and a beta of 0.52. The company’s 50-day moving average price is $27.28 and its 200 day moving average price is $25.65. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.