JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) has received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $31.33.
Several brokerages recently weighed in on JKS. Daiwa Capital Markets lowered shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Jefferies Financial Group increased their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 5th.
Check Out Our Latest Report on JKS
Institutional Investors Weigh In On JinkoSolar
JinkoSolar Price Performance
JinkoSolar stock opened at $21.29 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. JinkoSolar has a 12-month low of $16.70 and a 12-month high of $37.36. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 36.09 and a beta of 0.30. The business’s 50-day simple moving average is $24.54 and its 200 day simple moving average is $22.56.
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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.
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