JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $28.79 Average PT from Brokerages

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have earned an average recommendation of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.79.

A number of equities analysts recently issued reports on the company. Jefferies Financial Group upped their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Daiwa Capital Markets downgraded JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Finally, Glj Research reduced their price objective on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On JinkoSolar

Large investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co purchased a new stake in shares of JinkoSolar during the fourth quarter worth approximately $55,000. Barclays PLC raised its stake in shares of JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 537 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of JinkoSolar during the fourth quarter worth approximately $119,000. New York State Common Retirement Fund purchased a new stake in shares of JinkoSolar during the fourth quarter worth approximately $132,000. Finally, Banque Cantonale Vaudoise raised its stake in shares of JinkoSolar by 198.1% during the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 5,265 shares during the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Stock Performance

Shares of JKS opened at $22.61 on Thursday. The stock has a 50 day moving average price of $22.70 and a 200 day moving average price of $22.81. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 38.32 and a beta of 0.40. JinkoSolar has a 52-week low of $16.70 and a 52-week high of $37.36.

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.