Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) have received a consensus recommendation of “Reduce” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $27.20.
Several equities analysts recently commented on the stock. Roth Capital downgraded shares of JinkoSolar from a “buy” rating to a “neutral” rating in a research note on Thursday, March 21st. HSBC reissued a “hold” rating and issued a $30.00 price objective on shares of JinkoSolar in a research note on Monday, February 5th. Roth Mkm reissued a “neutral” rating and issued a $25.00 price objective (down previously from $50.00) on shares of JinkoSolar in a research note on Thursday, March 21st. Daiwa Capital Markets cut shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Monday, February 5th. Finally, UBS Group decreased their price target on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st.
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Institutional Investors Weigh In On JinkoSolar
JinkoSolar Price Performance
Shares of NYSE:JKS opened at $24.76 on Thursday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 3.15 and a beta of 0.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $26.58 and a 200 day simple moving average of $29.93. JinkoSolar has a one year low of $22.06 and a one year high of $51.71.
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; and develops commercial solar power projects.
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