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

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.33.

JKS has been the subject of a number of research reports. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group boosted their target price on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm lowered their price objective on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group cut their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, September 3rd.

Institutional Trading of JinkoSolar

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its stake in JinkoSolar by 108.0% in the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 647 shares in the last quarter. Barclays PLC lifted its holdings in 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 acquiring an additional 537 shares in the last quarter. Headlands Technologies LLC grew its stake in JinkoSolar by 607.7% in the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 3,476 shares during the period. Banque Cantonale Vaudoise increased its holdings in shares of JinkoSolar by 198.1% in the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 5,265 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 1,200 shares during the period. 35.82% of the stock is owned by institutional investors.

JinkoSolar Trading Down 1.1 %

JKS opened at $25.28 on Friday. JinkoSolar has a 1-year low of $16.70 and a 1-year high of $38.37. The stock has a market capitalization of $1.34 billion, a PE ratio of 42.85 and a beta of 0.35. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $24.39 and a two-hundred day moving average price of $22.32.

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.