JinkoSolar (NYSE:JKS) PT Lowered to $20.00 at Roth Mkm

JinkoSolar (NYSE:JKS) had its price objective decreased by Roth Mkm from $25.00 to $20.00 in a research note released on Wednesday, Benzinga reports. Roth Mkm currently has a neutral rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded JinkoSolar from a sell rating to a hold rating in a report on Monday, September 2nd. The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $21.00 to $18.00 and set a sell rating for the company in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, JinkoSolar has an average rating of Hold and an average price target of $24.60.

JinkoSolar Trading Down 1.8 %

JinkoSolar stock opened at $17.63 on Wednesday. JinkoSolar has a one year low of $16.70 and a one year high of $38.65. The company’s fifty day moving average price is $20.09 and its two-hundred day moving average price is $23.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 0.77. The company has a market capitalization of $937.12 million, a price-to-earnings ratio of 2.75 and a beta of 0.38.

JinkoSolar Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 15.6%. JinkoSolar’s payout ratio is 46.18%.

Hedge Funds Weigh In On JinkoSolar

Several large investors have recently bought and sold shares of JKS. National Bank of Canada FI raised its position in shares of JinkoSolar by 494.1% during the fourth quarter. National Bank of Canada FI now owns 284,400 shares of the semiconductor company’s stock valued at $9,948,000 after buying an additional 236,526 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in JinkoSolar by 72.4% in the 4th quarter. BNP Paribas Financial Markets now owns 52,225 shares of the semiconductor company’s stock valued at $1,929,000 after acquiring an additional 21,925 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of JinkoSolar by 16.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company’s stock worth $24,445,000 after acquiring an additional 92,737 shares during the period. Hsbc Holdings PLC grew its holdings in shares of JinkoSolar by 212.2% during the 4th quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company’s stock worth $3,842,000 after purchasing an additional 70,689 shares in the last quarter. Finally, CoreCommodity Management LLC increased its position in shares of JinkoSolar by 45.1% during the fourth quarter. CoreCommodity Management LLC now owns 17,540 shares of the semiconductor company’s stock valued at $648,000 after purchasing an additional 5,453 shares during the period. 35.82% of the stock is currently owned by institutional investors and hedge funds.

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.