JinkoSolar Holding Company Limited (NYSE:JKS) Given Consensus Rating of "Reduce" by 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%.

Shares of JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) have been given an average rating of "Reduce" by the seven ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.19.

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

Institutional Investors Weigh In On JinkoSolar

Several institutional investors and hedge funds have recently bought and sold shares of the business. CoreCommodity Management LLC increased its holdings in JinkoSolar by 1.1% in the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company's stock valued at $1,533,000 after buying an additional 640 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of JinkoSolar in the 1st quarter valued at about $36,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of JinkoSolar in the 4th quarter valued at about $55,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in JinkoSolar by 85.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock worth $217,000 after purchasing an additional 3,998 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of JinkoSolar by 502.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after buying an additional 4,562 shares in the last quarter. Institutional investors own 35.82% of the company's stock.

JinkoSolar Stock Down 0.7%

Shares of JKS stock traded down $0.15 during trading on Friday, hitting $21.38. 339,414 shares of the company were exchanged, compared to its average volume of 801,158. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.33. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.26 and a beta of 0.21. The business's 50-day simple moving average is $21.33 and its 200 day simple moving average is $20.30. JinkoSolar has a twelve month low of $13.42 and a twelve month high of $37.36.

JinkoSolar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.30 dividend on an annualized basis and a yield of 6.1%. JinkoSolar's payout ratio is -54.98%.

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.