JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) has earned an average rating of "Reduce" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.60.
A number of research analysts recently weighed in on the company. StockNews.com upgraded JinkoSolar from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a research note on Tuesday, September 3rd. Finally, Roth Mkm decreased their price objective on shares of JinkoSolar from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th.
View Our Latest Stock Analysis on JinkoSolar
Institutional Investors Weigh In On JinkoSolar
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock worth $33,000 after buying an additional 647 shares during the period. Headlands Technologies LLC boosted its position in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company's stock worth $84,000 after purchasing an additional 3,476 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in JinkoSolar by 117.1% in the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company's stock valued at $191,000 after purchasing an additional 4,100 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in JinkoSolar during the first quarter worth about $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in JinkoSolar by 43.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 3,521 shares during the last quarter. 35.82% of the stock is owned by hedge funds and other institutional investors.
JinkoSolar Stock Performance
Shares of NYSE:JKS traded up $0.81 during trading on Friday, hitting $27.37. The stock had a trading volume of 1,712,089 shares, compared to its average volume of 1,059,587. The stock has a 50-day simple moving average of $21.79 and a two-hundred day simple moving average of $22.58. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 46.39 and a beta of 0.43. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $38.65.
JinkoSolar (NYSE:JKS - Get Free Report) last posted its earnings results on Friday, August 30th. The semiconductor company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.92. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.85 billion. JinkoSolar had a return on equity of 4.19% and a net margin of 0.53%. On average, equities research analysts expect that JinkoSolar will post -0.42 earnings per share for the current fiscal year.
JinkoSolar Dividend Announcement
The firm also recently announced a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $1.50 dividend. This represents a dividend yield of 15.6%. The ex-dividend date was Thursday, August 15th. JinkoSolar's dividend payout ratio is presently 501.69%.
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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