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JinkoSolar Holding Co. (NYSE:JKS) was the target of some unusual options trading on Monday. Investors bought 4,741 put options on the stock, Analyst Ratings News reports. This is an increase of approximately 481% compared to the average daily volume of 816 put options.

JKS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $31.40 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of JinkoSolar Holding Co. in a research note on Monday, July 7th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of JinkoSolar Holding Co. in a research note on Friday, June 20th. They set an “outperform” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. JinkoSolar Holding Co. presently has a consensus rating of “Buy” and a consensus price target of $41.27.

JinkoSolar Holding Co. (NYSE:JKS) traded down 1.58% during mid-day trading on Monday, hitting $27.38. 4,757,207 shares of the company’s stock traded hands. JinkoSolar Holding Co. has a 52 week low of $12.69 and a 52 week high of $37.98. The stock’s 50-day moving average is $26.84 and its 200-day moving average is $28.23. The company has a market cap of $845.4 million and a price-to-earnings ratio of 16.60.

JinkoSolar Holding Co. (NYSE:JKS) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.16. The company had revenue of $392.10 million for the quarter, compared to the consensus estimate of $391.55 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts predict that JinkoSolar Holding Co. will post $2.88 earnings per share for the current fiscal year.

JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.

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