JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has earned an average rating of "Reduce" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $28.79.
Several equities research analysts recently weighed in on the stock. Daiwa Capital Markets downgraded shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. 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. Finally, Glj Research dropped their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research report on Thursday, January 23rd.
Get Our Latest Analysis on JKS
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of JKS. CANADA LIFE ASSURANCE Co acquired a new position in shares of JinkoSolar in the 4th quarter valued at $55,000. Barclays PLC boosted its holdings in shares of JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after buying an additional 537 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of JinkoSolar in the 4th quarter valued at $119,000. New York State Common Retirement Fund acquired a new position in shares of JinkoSolar in the 4th quarter valued at $132,000. Finally, Jump Financial LLC acquired a new position in shares of JinkoSolar in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 35.82% of the company's stock.
JinkoSolar Stock Up 0.5 %
JKS traded up $0.11 during trading hours on Thursday, hitting $22.61. 551,023 shares of the company's stock were exchanged, compared to its average volume of 1,033,859. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36. The firm has a 50 day moving average of $22.70 and a 200 day moving average of $22.81. The firm has a market cap of $1.20 billion, a P/E ratio of 38.32 and a beta of 0.40. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.
JinkoSolar Company Profile
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Get Free ReportJinkoSolar 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.
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