JinkoSolar (NYSE:JKS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of JinkoSolar (NYSE:JKS) from a sell rating to a hold rating in a report released on Wednesday.

A number of other research firms have also weighed in on JKS. Roth Mkm reduced their target price on shares of JinkoSolar from $25.00 to $20.00 and set a neutral rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group cut their price target on shares of JinkoSolar from $21.00 to $18.00 and set a sell rating on the stock in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, JinkoSolar has a consensus rating of Hold and an average price target of $24.60.

JinkoSolar Price Performance

JinkoSolar stock opened at $19.74 on Wednesday. The company has a market capitalization of $1.05 billion, a PE ratio of 3.08 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $19.60 and a two-hundred day moving average price of $22.85. JinkoSolar has a 12 month low of $16.70 and a 12 month high of $38.65.

JinkoSolar Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $1.50 dividend. This represents a dividend yield of 15.6%. The ex-dividend date was Thursday, August 15th. JinkoSolar’s dividend payout ratio is currently 46.18%.

Institutional Trading of JinkoSolar

A number of institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of JinkoSolar by 372.9% during the 1st quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after buying an additional 60,992 shares in the last quarter. SG Americas Securities LLC boosted its stake in JinkoSolar by 16.0% during the second quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 2,939 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in JinkoSolar by 31.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,588 shares of the semiconductor company’s stock worth $1,300,000 after purchasing an additional 12,464 shares during the period. Vanguard Group Inc. increased its stake in JinkoSolar by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,591,101 shares of the semiconductor company’s stock valued at $40,080,000 after purchasing an additional 14,491 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 4,100 shares during the period. Institutional investors own 35.82% of the company’s stock.

About JinkoSolar

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.