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

Key Points

• Analysts give JinkoSolar a consensus rating of "Reduce" (two sell, four hold) with an average 12‑month price target of $22.33, below the stock's recent open of $24.94.
• Market snapshot: the stock has a market capitalization of about $1.29 billion, a 12‑month range of $13.42–$31.88, and 50‑day / 200‑day moving averages near $26.70 and $25.86, respectively.
• Financial signals show a negative P/E (-2.73), debt‑to‑equity of 1.07, and current / quick ratios of 1.30 / 1.02, indicating modest liquidity with notable leverage.

JinkoSolar Holding Company Limited (NYSE:JKS - Get Free Report) has earned a consensus rating of "Reduce" from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.3333.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of JinkoSolar from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 11th. The Goldman Sachs Group increased their target price on JinkoSolar from $18.00 to $20.00 and gave the stock a "sell" rating in a research report on Wednesday, November 19th. Roth Mkm raised their price target on JinkoSolar from $17.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 21st. Weiss Ratings reiterated a "hold (c-)" rating on shares of JinkoSolar in a research note on Wednesday, December 24th. Finally, UBS Group reissued a "neutral" rating on shares of JinkoSolar in a report on Friday, November 28th.

JinkoSolar Price Performance

JKS opened at $24.94 on Wednesday. The firm has a 50-day moving average price of $26.70 and a 200-day moving average price of $25.86. JinkoSolar has a twelve month low of $13.42 and a twelve month high of $31.88. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.73 and a beta of 0.55.

Institutional Investors Weigh In On JinkoSolar

Institutional investors and hedge funds have recently modified their holdings of the company. Trexquant Investment LP boosted its position in shares of JinkoSolar by 2.1% in the fourth quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company's stock valued at $1,094,000 after acquiring an additional 889 shares during the period. Profund Advisors LLC lifted its stake in JinkoSolar by 5.3% in the 3rd quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 937 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in JinkoSolar by 7.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company's stock worth $440,000 after purchasing an additional 1,219 shares in the last quarter. MTM Investment Management LLC bought a new position in JinkoSolar in the 2nd quarter valued at $28,000. Finally, Raymond James Financial Inc. bought a new position in JinkoSolar in the 2nd quarter valued at $47,000. 35.82% of the stock is owned by hedge funds and other institutional investors.

About JinkoSolar

JinkoSolar Holding Co, Ltd. NYSE: JKS is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world's largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar's product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.