JinkoSolar Holding Company Limited (NYSE:JKS) Receives $24.38 Consensus PT from Analysts

Shares of JinkoSolar Holding Company Limited (NYSE:JKS) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.3750.

JKS has been the topic of several research reports. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Freedom Capital upgraded JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, UBS Group raised their price target on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th.

Insider Buying and Selling at JinkoSolar

In other JinkoSolar news, Director Wing Keong Siew sold 16,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $16.49, for a total transaction of $263,840.00. Following the sale, the director directly owned 170,000 shares of the company’s stock, valued at approximately $2,803,300. This trade represents a 8.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Xianhua Li sold 1,280,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $25.53, for a total value of $32,678,400.00. Following the completion of the transaction, the director directly owned 10,349,612 shares of the company’s stock, valued at approximately $264,225,594.36. This trade represents a 11.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,312,000 shares of company stock worth $33,360,000. 19.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JKS. Invesco Ltd. boosted its position in JinkoSolar by 15.4% in the 4th quarter. Invesco Ltd. now owns 1,604,250 shares of the semiconductor company’s stock worth $41,406,000 after purchasing an additional 213,935 shares in the last quarter. Mackenzie Financial Corp grew its position in JinkoSolar by 1.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,381,478 shares of the semiconductor company’s stock valued at $36,289,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in JinkoSolar by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 845,017 shares of the semiconductor company’s stock valued at $21,449,000 after buying an additional 3,118 shares in the last quarter. State Street Corp raised its position in shares of JinkoSolar by 8.0% in the fourth quarter. State Street Corp now owns 735,159 shares of the semiconductor company’s stock worth $18,978,000 after acquiring an additional 54,661 shares during the period. Finally, Legal & General Group Plc grew its position in shares of JinkoSolar by 9,212.1% during the 4th quarter. Legal & General Group Plc now owns 499,964 shares of the semiconductor company’s stock valued at $12,904,000 after acquiring an additional 494,595 shares during the period. 35.82% of the stock is owned by institutional investors and hedge funds.

JinkoSolar Stock Performance

JKS opened at $15.33 on Tuesday. The firm’s 50-day moving average price is $18.49 and its 200-day moving average price is $22.96. The company has a market cap of $802.83 million, a P/E ratio of -1.57 and a beta of 0.51. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. JinkoSolar has a 52-week low of $14.78 and a 52-week high of $31.88.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $2.09 billion. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. As a group, equities analysts anticipate that JinkoSolar will post -2.76 EPS for the current fiscal year.

JinkoSolar Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, July 9th. Investors of record on Monday, June 22nd were given a dividend of $1.50 per share. The ex-dividend date was Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s payout ratio is currently -15.20%.

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.