JinkoSolar Holding Co., Ltd. (NYSE:JKS) Receives $31.33 Average Price Target from Analysts

JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.33.

A number of analysts recently issued reports on JKS shares. Jefferies Financial Group raised their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, September 3rd. Finally, Roth Mkm dropped their target price on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JKS. Decade Renewable Partners LP bought a new stake in shares of JinkoSolar in the 2nd quarter valued at about $4,272,000. Millennium Management LLC increased its holdings in JinkoSolar by 2,305.1% during the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company’s stock valued at $3,500,000 after buying an additional 161,888 shares during the period. Marshall Wace LLP raised its stake in JinkoSolar by 49.5% in the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company’s stock worth $9,277,000 after buying an additional 148,268 shares in the last quarter. Point72 Europe London LLP purchased a new stake in JinkoSolar during the second quarter worth $3,023,000. Finally, Dimensional Fund Advisors LP boosted its position in JinkoSolar by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company’s stock valued at $20,357,000 after acquiring an additional 74,219 shares in the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Trading Up 6.1 %

Shares of JKS stock opened at $25.24 on Friday. The company has a market cap of $1.34 billion, a PE ratio of 42.78 and a beta of 0.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $23.92 and its two-hundred day simple moving average is $22.26. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $38.37.

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.