JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $28.79 Consensus Target Price from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has earned a consensus rating of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.79.

Several equities research analysts have commented on JKS shares. Glj Research dropped their price target on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their target price on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Daiwa Capital Markets lowered shares of JinkoSolar from an “underperform” rating to a “sell” rating in a research note on Friday, January 10th.

Hedge Funds Weigh In On JinkoSolar

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of JinkoSolar by 42.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company’s stock worth $1,229,000 after purchasing an additional 14,765 shares in the last quarter. Twinbeech Capital LP raised its position in JinkoSolar by 219.9% in the 4th quarter. Twinbeech Capital LP now owns 25,960 shares of the semiconductor company’s stock valued at $646,000 after purchasing an additional 17,846 shares during the last quarter. Millennium Management LLC acquired a new position in JinkoSolar in the fourth quarter worth $2,846,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of JinkoSolar by 85.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 3,998 shares during the last quarter. Finally, CoreCommodity Management LLC increased its stake in shares of JinkoSolar by 1.1% in the fourth quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company’s stock valued at $1,533,000 after buying an additional 640 shares in the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Stock Down 2.7 %

JinkoSolar stock opened at $22.06 on Thursday. JinkoSolar has a one year low of $16.70 and a one year high of $37.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The firm has a market capitalization of $1.17 billion, a P/E ratio of 37.38 and a beta of 0.40. The company has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $22.86.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.