JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $27.50 Consensus Price Target from Analysts

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKSGet Free Report) have received a consensus recommendation of “Reduce” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $27.20.

Several equities analysts have commented on the company. UBS Group lowered their price target on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. HSBC restated a “hold” rating and issued a $30.00 price objective on shares of JinkoSolar in a research note on Monday, February 5th. The Goldman Sachs Group lowered their price objective on shares of JinkoSolar from $30.00 to $26.00 and set a “sell” rating on the stock in a research note on Thursday, March 21st. Roth Mkm restated a “neutral” rating and issued a $25.00 price objective (down previously from $50.00) on shares of JinkoSolar in a research note on Thursday, March 21st. Finally, Daiwa Capital Markets downgraded shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Monday, February 5th.

Get Our Latest Research Report on JKS

JinkoSolar Trading Down 1.2 %

JinkoSolar stock opened at $22.17 on Thursday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 2.82 and a beta of 0.38. The company’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $30.01. JinkoSolar has a one year low of $22.06 and a one year high of $51.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC bought a new position in shares of JinkoSolar in the third quarter valued at about $35,000. FMR LLC raised its holdings in shares of JinkoSolar by 657.5% in the third quarter. FMR LLC now owns 909 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 789 shares during the last quarter. Natixis bought a new position in shares of JinkoSolar in the fourth quarter valued at about $41,000. Signaturefd LLC raised its holdings in shares of JinkoSolar by 202.1% in the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 673 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in JinkoSolar during the 3rd quarter worth about $31,000. 35.82% of the stock is owned by institutional investors.

About JinkoSolar

(Get Free Report

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; and develops commercial solar power projects.

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Analyst Recommendations for JinkoSolar (NYSE:JKS)

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