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

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

Several equities analysts have issued reports on JKS shares. Weiss Ratings downgraded JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Daiwa Securities Group upgraded JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective for the company in a report on Tuesday, March 24th. Finally, UBS Group boosted their price objective on JinkoSolar from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, May 29th.

JinkoSolar Price Performance

JinkoSolar stock opened at $16.87 on Friday. The stock’s 50 day moving average is $21.37 and its 200 day moving average is $24.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.26 and a quick ratio of 0.95. The firm has a market cap of $883.27 million, a P/E ratio of -1.73 and a beta of 0.52. JinkoSolar has a one year low of $15.33 and a one year high of $31.88.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, research analysts expect that JinkoSolar will post -2.76 EPS for the current year.

JinkoSolar Announces Dividend

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

Insider Buying and Selling at JinkoSolar

In other JinkoSolar news, Director Wing Keong Siew sold 16,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $26.11, for a total value of $417,760.00. Following the transaction, the director owned 186,000 shares of the company’s stock, valued at approximately $4,856,460. The trade was a 7.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Xianhua Li sold 1,280,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $25.53, for a total value of $32,678,400.00. Following the completion of the transaction, the director directly owned 10,349,612 shares in the company, valued at approximately $264,225,594.36. This represents a 11.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of JinkoSolar during the 2nd quarter valued at $47,000. Banque Cantonale Vaudoise purchased a new position in shares of JinkoSolar during the 4th quarter valued at $58,000. Leonteq Securities AG purchased a new position in shares of JinkoSolar during the 4th quarter valued at $101,000. Federation des caisses Desjardins du Quebec lifted its position in shares of JinkoSolar by 277.9% during 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 position in shares of JinkoSolar during the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 35.82% of the company’s stock.

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.