JinkoSolar Holding Co., Ltd. (JKS) Given Average Rating of “Hold” by Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.00.

JKS has been the subject of several analyst reports. UBS Group reduced their target price on JinkoSolar from $18.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Citigroup raised JinkoSolar from a “sell” rating to a “neutral” rating in a report on Tuesday, August 14th. Roth Capital set a $14.00 target price on JinkoSolar and gave the company a “hold” rating in a report on Monday, August 13th. Finally, Zacks Investment Research raised JinkoSolar from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 16th.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in JinkoSolar by 0.8% in the 3rd quarter. BlackRock Inc. now owns 773,603 shares of the semiconductor company’s stock worth $8,332,000 after acquiring an additional 6,066 shares in the last quarter. Guinness Asset Management Ltd increased its position in JinkoSolar by 30.0% in the 2nd quarter. Guinness Asset Management Ltd now owns 28,190 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 6,500 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its position in JinkoSolar by 35.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 26,900 shares of the semiconductor company’s stock worth $290,000 after purchasing an additional 7,100 shares during the last quarter. Northern Trust Corp increased its position in JinkoSolar by 35.3% in the 1st quarter. Northern Trust Corp now owns 30,460 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 7,953 shares during the last quarter. Finally, Royal Bank of Canada increased its position in JinkoSolar by 39.6% in the 1st quarter. Royal Bank of Canada now owns 35,869 shares of the semiconductor company’s stock worth $654,000 after purchasing an additional 10,181 shares during the last quarter. 25.07% of the stock is owned by hedge funds and other institutional investors.

Shares of JinkoSolar stock traded up $0.27 during trading on Thursday, hitting $9.18. The stock had a trading volume of 204,022 shares, compared to its average volume of 676,243. JinkoSolar has a fifty-two week low of $7.11 and a fifty-two week high of $27.26. The firm has a market cap of $254.20 million, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.38 and a beta of 1.67. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.21.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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