JinkoSolar Holding Co., Ltd. (NYSE:JKS) Given Consensus Rating of "Hold" by Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.33.

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

JinkoSolar Trading Down 0.9 %

Shares of JinkoSolar stock traded down $0.22 during trading on Friday, hitting $23.80. The company's stock had a trading volume of 1,950,321 shares, compared to its average volume of 1,087,790. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 40.34 and a beta of 0.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. JinkoSolar has a 52 week low of $16.70 and a 52 week high of $38.37. The stock has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $22.33.

Institutional Trading of JinkoSolar

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after buying an additional 537 shares during the last quarter. Geode Capital Management LLC increased its holdings in JinkoSolar by 19.7% in the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock worth $1,197,000 after acquiring an additional 7,333 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in JinkoSolar in the 3rd quarter worth about $928,000. State Street Corp lifted its holdings in JinkoSolar by 10.7% during the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company's stock valued at $18,687,000 after purchasing an additional 67,223 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in JinkoSolar during the third quarter worth about $682,000. Hedge funds and other institutional investors own 35.82% of the company's stock.

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.