Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) have been assigned an average rating of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $24.60.
Several research firms recently issued reports on JKS. The Goldman Sachs Group dropped their price objective on JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, September 3rd. Roth Mkm dropped their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th.
Get Our Latest Stock Analysis on JKS
Institutional Investors Weigh In On JinkoSolar
JinkoSolar Price Performance
JKS opened at $24.02 on Monday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.85 and a beta of 0.43. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $20.69 and a 200-day moving average price of $22.70. JinkoSolar has a twelve month low of $16.70 and a twelve month high of $38.65.
JinkoSolar (NYSE:JKS – Get Free Report) last announced its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.92. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.85 billion. JinkoSolar had a return on equity of 7.86% and a net margin of 1.65%. Equities analysts expect that JinkoSolar will post -0.42 EPS for the current year.
JinkoSolar Announces Dividend
The firm also recently announced a Variable dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 15.6%. JinkoSolar’s payout ratio is presently 96.73%.
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.
Featured Stories
- Five stocks we like better than JinkoSolar
- CD Calculator: Certificate of Deposit Calculator
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- With Risk Tolerance, One Size Does Not Fit All
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- 3 Monster Growth Stocks to Buy Now
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for JinkoSolar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JinkoSolar and related companies with MarketBeat.com's FREE daily email newsletter.