JinkoSolar Holding Company Limited (NYSE:JKS) Receives Consensus Recommendation of “Hold” from Analysts

JinkoSolar Holding Company Limited (NYSE:JKS) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.3750.

Several analysts have commented on JKS shares. Weiss Ratings cut shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Daiwa Securities Group upgraded shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Tuesday, March 24th. UBS Group raised their target price on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th.

JinkoSolar Stock Down 1.6%

Shares of JKS stock opened at $17.00 on Friday. JinkoSolar has a fifty-two week low of $16.80 and a fifty-two week high of $31.88. The firm has a market capitalization of $890.29 million, a PE ratio of -1.75 and a beta of 0.52. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. The stock’s 50-day simple moving average is $21.73 and its 200-day simple moving average is $24.66.

JinkoSolar (NYSE:JKS) last released its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) EPS for the quarter, topping analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative return on equity of 9.52% and a negative net margin of 5.62%.The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $2.09 billion. Equities analysts expect that JinkoSolar will post -2.76 earnings per share for the current year.

JinkoSolar Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Thursday, July 9th. Stockholders of record on Monday, June 22nd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a dividend yield of 837.0%. JinkoSolar’s dividend payout ratio (DPR) is presently -15.20%.

Insider Buying and Selling at JinkoSolar

In related news, Director Xianhua Li sold 1,280,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total transaction of $32,678,400.00. Following the sale, the director owned 10,349,612 shares in the company, valued at approximately $264,225,594.36. This trade represents a 11.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $26.11, for a total transaction of $417,760.00. Following the completion of the transaction, the director directly owned 186,000 shares of the company’s stock, valued at $4,856,460. The trade was a 7.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On JinkoSolar

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of JinkoSolar in the 2nd quarter valued at about $47,000. Banque Cantonale Vaudoise purchased a new position in JinkoSolar during the fourth quarter worth approximately $58,000. Leonteq Securities AG acquired a new stake in JinkoSolar in the fourth quarter valued at approximately $101,000. Federation des caisses Desjardins du Quebec grew its holdings in JinkoSolar by 277.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 5,211 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of JinkoSolar in the fourth quarter valued at approximately $205,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.