JinkoSolar Holding Company Limited (NYSE:JKS) Receives $24.38 Average PT from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.3750.

Several analysts have recently commented on the company. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JinkoSolar in a research report on Monday, August 3rd. Finally, UBS Group upped their price target on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 29th.

Insider Transactions at JinkoSolar

In other JinkoSolar news, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total transaction of $263,840.00. Following the transaction, the director directly owned 170,000 shares of the company’s stock, valued at $2,803,300. The trade was a 8.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.80% of the stock is owned by corporate insiders.

Institutional Trading of JinkoSolar

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of JinkoSolar during the second quarter valued at about $47,000. Banque Cantonale Vaudoise bought a new stake in JinkoSolar in the 4th quarter worth about $58,000. Leonteq Securities AG bought a new stake in JinkoSolar in the 4th quarter worth about $101,000. Federation des caisses Desjardins du Quebec increased its stake in JinkoSolar by 277.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after buying an additional 5,211 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in JinkoSolar in the 4th quarter valued at about $205,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

Shares of NYSE JKS opened at $16.61 on Friday. The stock has a market cap of $869.87 million, a price-to-earnings ratio of -1.71 and a beta of 0.52. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. JinkoSolar has a fifty-two week low of $14.55 and a fifty-two week high of $31.88. The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $21.70.

JinkoSolar Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, July 9th. Shareholders of record on Monday, June 22nd were paid a dividend of $1.50 per share. The ex-dividend date was Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s dividend payout ratio (DPR) is -15.20%.

JinkoSolar Company Profile

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.