JFB Construction (NASDAQ:JFB) Now Covered by Analysts at JonesTrading

JonesTrading started coverage on shares of JFB Construction (NASDAQ:JFB) in a research note issued to investors on Thursday, Benzinga reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. JonesTrading’s price target suggests a potential upside of 102.02% from the stock’s current price.

JFB has been the topic of several other reports. Weiss Ratings downgraded shares of JFB Construction from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Roth Capital began coverage on JFB Construction in a report on Thursday, July 2nd. They set a “buy” rating and a $9.00 price objective for the company. Finally, Zacks Research raised JFB Construction to a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.50.

JFB Construction Trading Up 4.4%

NASDAQ:JFB traded up $0.21 during trading hours on Thursday, hitting $4.95. The company’s stock had a trading volume of 1,594,530 shares, compared to its average volume of 352,581. JFB Construction has a 52-week low of $2.45 and a 52-week high of $17.55. The stock has a market capitalization of $100.14 million, a P/E ratio of -9.17 and a beta of 3.36. The stock has a fifty day moving average of $4.39 and a 200-day moving average of $5.25.

JFB Construction (NASDAQ:JFB) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). The business had revenue of $9.07 million during the quarter, compared to analyst estimates of $29.00 million. JFB Construction had a negative net margin of 25.19% and a negative return on equity of 28.42%. On average, sell-side analysts forecast that JFB Construction will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On JFB Construction

Several hedge funds have recently modified their holdings of JFB. Marshall Wace LLP purchased a new position in shares of JFB Construction during the 4th quarter valued at approximately $604,000. 683 Capital Management LLC bought a new stake in shares of JFB Construction in the fourth quarter worth $389,000. Nomura Holdings Inc. bought a new stake in shares of JFB Construction in the third quarter worth $258,000. Royal Bank of Canada raised its holdings in JFB Construction by 4,188.8% in the first quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock valued at $120,000 after acquiring an additional 19,143 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in JFB Construction in the first quarter valued at $76,000.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.