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

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) have earned a consensus rating of "Reduce" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.33.

JKS has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Daiwa Capital Markets cut JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Finally, StockNews.com raised JinkoSolar from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th.

JinkoSolar Stock Performance

NYSE:JKS traded up $0.08 during mid-day trading on Wednesday, reaching $23.62. The company's stock had a trading volume of 629,635 shares, compared to its average volume of 840,593. The firm's fifty day moving average price is $24.61 and its two-hundred day moving average price is $22.53. 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 stock has a market cap of $1.26 billion, a P/E ratio of 40.03 and a beta of 0.30. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36.

Institutional Investors Weigh In On JinkoSolar

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in JinkoSolar by 108.0% during 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 during the period. Barclays PLC grew its stake in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 537 shares during the period. Headlands Technologies LLC increased its holdings in JinkoSolar by 607.7% in the 2nd quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company's stock worth $84,000 after acquiring an additional 3,476 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in JinkoSolar by 198.1% during the 3rd 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 during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in JinkoSolar by 15.8% during the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company's stock valued at $236,000 after purchasing an additional 1,200 shares in the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

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.