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

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has been assigned an average rating of "Reduce" from the seven brokerages that are covering the company, Marketbeat.com 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 12 month price target among analysts that have covered the stock in the last year is $28.79.

A number of equities research analysts have weighed in on JKS shares. Jefferies Financial Group raised 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. Daiwa Capital Markets cut shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Finally, Glj Research cut their price objective on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd.

JinkoSolar Price Performance

Shares of NYSE:JKS traded down $0.10 on Friday, hitting $20.88. The company's stock had a trading volume of 352,508 shares, compared to its average volume of 752,685. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The company has a 50-day simple moving average of $24.04 and a 200 day simple moving average of $22.45. The company has a market capitalization of $1.11 billion, a PE ratio of 35.39 and a beta of 0.27. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $37.36.

Hedge Funds Weigh In On JinkoSolar

Several hedge funds and other institutional investors have recently modified their holdings of JKS. Signaturefd LLC increased its holdings in JinkoSolar by 108.0% during the 3rd 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 position in shares of JinkoSolar by 30.2% in the 3rd 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. SBI Securities Co. Ltd. purchased a new position in shares of JinkoSolar during the fourth quarter valued at approximately $119,000. New York State Common Retirement Fund bought a new position in shares of JinkoSolar during the fourth quarter valued at approximately $132,000. Finally, Banque Cantonale Vaudoise lifted its stake in 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 during the period. 35.82% of the stock is owned by 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.