JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Recommendation of “Hold” from Brokerages

JinkoSolar Holding Company Limited (NYSE:JKSGet Free Report) has received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.3750.

Several research firms recently commented on JKS. Weiss Ratings reiterated a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. UBS Group raised their price objective on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd.

View Our Latest Report on JKS

JinkoSolar Price Performance

Shares of NYSE JKS opened at $16.92 on Friday. The stock has a market cap of $886.21 million, a P/E ratio of -1.74 and a beta of 0.52. JinkoSolar has a twelve month low of $14.55 and a twelve month high of $31.88. The stock has a 50 day moving average of $16.59 and a two-hundred day moving average of $21.56. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16.

JinkoSolar Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, July 9th. Investors of record on Monday, June 22nd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a dividend yield of 837.0%. JinkoSolar’s dividend payout ratio (DPR) is currently -15.20%.

Insider Activity

In related news, Director Wing Keong Siew sold 16,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total value of $263,840.00. Following the transaction, the director owned 170,000 shares in the company, valued at $2,803,300. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 19.80% of the stock is currently owned by corporate insiders.

Institutional Trading of JinkoSolar

A number of hedge funds have recently added to or reduced their stakes in JKS. Raymond James Financial Inc. acquired a new position in shares of JinkoSolar in the second quarter valued at approximately $47,000. Banque Cantonale Vaudoise purchased a new stake in shares of JinkoSolar during the fourth quarter worth approximately $58,000. Leonteq Securities AG acquired a new stake in shares of JinkoSolar during the fourth quarter worth $101,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of JinkoSolar by 277.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 5,211 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in JinkoSolar in the 4th quarter valued at $205,000. 35.82% of the stock is owned by institutional investors and hedge funds.

About JinkoSolar

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JinkoSolar (NYSE:JKS)

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