JinkoSolar Holding Company Limited (NYSE:JKS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.3750.

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

Insider Activity at JinkoSolar

In other news, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total value of $263,840.00. Following the transaction, the director owned 170,000 shares of the company’s stock, valued at $2,803,300. This trade represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its holdings in JinkoSolar by 15.4% in the 4th quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock worth $41,406,000 after acquiring an additional 213,935 shares during the period. Mackenzie Financial Corp boosted its holdings in JinkoSolar by 1.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,381,478 shares of the semiconductor company’s stock valued at $36,289,000 after acquiring an additional 20,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in JinkoSolar by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock valued at $21,449,000 after acquiring an additional 3,118 shares during the period. State Street Corp boosted its holdings in JinkoSolar by 8.0% during the fourth quarter. State Street Corp now owns 735,159 shares of the semiconductor company’s stock valued at $18,978,000 after acquiring an additional 54,661 shares during the period. Finally, Legal & General Group Plc grew its position in shares of JinkoSolar by 9,212.1% in the fourth quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after purchasing an additional 494,595 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Trading Up 0.4%

Shares of NYSE:JKS opened at $15.94 on Friday. The stock has a market capitalization of $834.78 million, a PE ratio of -1.64 and a beta of 0.52. JinkoSolar has a 1 year low of $14.55 and a 1 year high of $31.88. The firm has a fifty day moving average price of $16.46 and a 200 day moving average price of $21.45. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16.

JinkoSolar Dividend Announcement

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

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.