JinkoSolar Holding Co., Ltd. (NYSE:JKS) has earned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.50.
Several equities analysts recently issued reports on the company. ValuEngine raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research upgraded shares of JinkoSolar from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, February 6th. Roth Capital upgraded shares of JinkoSolar from a “neutral” rating to a “buy” rating and decreased their target price for the company from $20.00 to $11.50 in a research note on Monday, February 4th. Goldman Sachs Group upgraded shares of JinkoSolar from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, February 4th. Finally, TheStreet upgraded shares of JinkoSolar from a “d+” rating to a “c” rating in a research note on Thursday, January 17th.
JKS stock opened at $18.00 on Wednesday. The company has a market capitalization of $502.41 million, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 0.59 and a beta of 2.37. JinkoSolar has a 12-month low of $7.11 and a 12-month high of $21.80. The company has a current ratio of 0.95, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in JinkoSolar during the 4th quarter valued at $3,317,000. Millennium Management LLC purchased a new stake in JinkoSolar during the 4th quarter valued at $408,000. Two Sigma Advisers LP purchased a new stake in shares of JinkoSolar in the 4th quarter worth $157,000. Two Sigma Investments LP purchased a new stake in shares of JinkoSolar in the 4th quarter worth $793,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of JinkoSolar in the 4th quarter worth $451,000. Institutional investors and hedge funds own 31.28% of the company’s stock.
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.
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