JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• JinkoSolar has been assigned an average rating of "Reduce" by seven brokerages, with four analysts recommending a sell, two a hold, and one a buy, indicating cautious sentiment among financial experts.
• The company's stock price recently opened at $23.09, showing a significant volatility with a 52-week range from $13.42 to $37.36.
• JinkoSolar announced a quarterly dividend of $0.325 per share, yielding 5.6%, with a negative dividend payout ratio of -25.50% reflecting potential financial strain.

JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) has earned an average rating of "Reduce" from the seven analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.19.

JinkoSolar Stock Performance

JinkoSolar stock traded up $0.33 during midday trading on Friday, hitting $24.08. 135,371 shares of the company's stock were exchanged, compared to its average volume of 755,585. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -4.82 and a beta of 0.13. The firm's 50 day simple moving average is $22.90 and its 200 day simple moving average is $20.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.33. JinkoSolar has a 12-month low of $13.42 and a 12-month high of $37.36.

JinkoSolar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were issued a $0.325 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.30 annualized dividend and a dividend yield of 5.4%. JinkoSolar's payout ratio is presently -25.50%.

Institutional Trading of JinkoSolar

Several hedge funds and other institutional investors have recently made changes to their positions in JKS. Barclays PLC boosted its holdings in shares of JinkoSolar by 425.4% in the fourth quarter. Barclays PLC now owns 12,179 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 9,861 shares in the last quarter. Stifel Financial Corp purchased a new stake in JinkoSolar during the fourth quarter worth about $1,197,000. Susquehanna Fundamental Investments LLC purchased a new stake in JinkoSolar during the fourth quarter worth about $1,174,000. Northern Trust Corp boosted its holdings in JinkoSolar by 58.6% during the fourth quarter. Northern Trust Corp now owns 84,252 shares of the semiconductor company's stock worth $2,098,000 after buying an additional 31,130 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in JinkoSolar by 1,592.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 129,385 shares of the semiconductor company's stock worth $3,222,000 after buying an additional 121,740 shares in the last quarter. Hedge funds and other institutional investors own 35.82% of the company's stock.

JinkoSolar Company Profile

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.