JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives Average Rating of "Reduce" from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has earned an average recommendation of "Reduce" from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.79.

Several research analysts have commented on JKS shares. Glj Research decreased their target price on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a report on Thursday, January 23rd. Daiwa Capital Markets downgraded JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Finally, Jefferies Financial Group upped their price target on JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, December 5th.

Hedge Funds Weigh In On JinkoSolar

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in JinkoSolar by 108.0% in the third quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 647 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in shares of JinkoSolar in the fourth quarter valued at about $55,000. Barclays PLC lifted its position in shares of JinkoSolar by 30.2% during the 3rd 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. bought a new stake in JinkoSolar during the 4th quarter valued at approximately $119,000. Finally, New York State Common Retirement Fund acquired a new stake in JinkoSolar in the 4th quarter valued at approximately $132,000. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Price Performance

Shares of NYSE JKS traded up $1.28 during trading on Friday, hitting $22.97. The company had a trading volume of 824,223 shares, compared to its average volume of 736,215. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $37.36. The company has a market cap of $1.22 billion, a P/E ratio of 38.94 and a beta of 0.27. The business's 50-day moving average is $23.79 and its 200 day moving average is $22.46.

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.