JinkoSolar Holding Company Limited (NYSE:JKS) Receives Average Rating of "Reduce" from Analysts

Key Points

• JinkoSolar has received a consensus rating of "Reduce" from analysts, with four firms rating it as a sell and only one as a buy.
• The company's shares opened at $21.54 and have a market capitalization of $1.11 billion, with a significant price-to-earnings ratio of -4.29.
• JinkoSolar recently announced a quarterly dividend of $0.325 per share, yielding 6.0%, despite a negative dividend payout ratio of -54.98%.

JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) has received a consensus recommendation of "Reduce" from the seven ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $27.19.

Separately, Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday, May 5th.

Institutional Investors Weigh In On JinkoSolar

Several large investors have recently added to or reduced their stakes in JKS. CoreCommodity Management LLC grew its holdings in shares of JinkoSolar by 1.1% during the fourth quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company's stock worth $1,533,000 after purchasing an additional 640 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of JinkoSolar during the 1st quarter worth $36,000. CANADA LIFE ASSURANCE Co purchased a new position in JinkoSolar in the fourth quarter worth $55,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in JinkoSolar by 85.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock valued at $217,000 after purchasing an additional 3,998 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in JinkoSolar by 502.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 4,562 shares during the last quarter. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Performance

Shares of NYSE JKS traded up $0.44 during trading on Friday, reaching $22.17. 133,390 shares of the stock traded hands, compared to its average volume of 793,733. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. The stock has a market capitalization of $1.14 billion, a P/E ratio of -4.41 and a beta of 0.21. JinkoSolar has a 52-week low of $13.42 and a 52-week high of $37.36. The company has a 50-day moving average of $21.46 and a 200-day moving average of $20.31.

JinkoSolar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Wednesday, July 2nd. JinkoSolar's payout ratio is -54.98%.

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.