JFB Construction (NASDAQ:JFB) Coverage Initiated at JonesTrading

Key Points

• JonesTrading initiated coverage of JFB Construction with a Buy rating and a $10 price target, implying approximately 102% upside from the reported $4.95 share price.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, one Hold and one Sell, resulting in a consensus Hold rating and a $9.50 average target price.
• JFB Construction reported a quarterly loss of $0.23 per share and revenue of $9.07 million, missing estimates of a $0.05 loss per share and $29 million in revenue.

JonesTrading assumed coverage on shares of JFB Construction (NASDAQ:JFB - Get Free Report) in a report issued on Thursday, Benzinga reports. The brokerage set a "buy" rating and a $10.00 price target on the stock. JonesTrading's target price would indicate a potential upside of 102.02% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of JFB Construction from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 18th. Roth Capital started coverage on shares of JFB Construction in a research note on Thursday, July 2nd. They set a "buy" rating and a $9.00 target price for the company. Finally, Zacks Research raised JFB Construction to a "hold" rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JFB Construction currently has a consensus rating of "Hold" and a consensus target price of $9.50.

JFB Construction Stock Up 4.4%

Shares of JFB traded up $0.21 during trading hours on Thursday, reaching $4.95. 1,594,530 shares of the company traded hands, compared to its average volume of 352,581. JFB Construction has a 12 month low of $2.45 and a 12 month high of $17.55. The company has a market capitalization of $100.14 million, a price-to-earnings ratio of -9.17 and a beta of 3.36. The company's fifty day moving average price is $4.39 and its two-hundred day moving average price is $5.25.

JFB Construction (NASDAQ:JFB - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). JFB Construction had a negative return on equity of 28.42% and a negative net margin of 25.19%.The business had revenue of $9.07 million for the quarter, compared to the consensus estimate of $29.00 million. On average, analysts expect that JFB Construction will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new stake in shares of JFB Construction in the third quarter worth about $258,000. Marshall Wace LLP acquired a new position in shares of JFB Construction during the 4th quarter worth about $604,000. 683 Capital Management LLC acquired a new stake in shares of JFB Construction in the fourth quarter worth approximately $389,000. Geode Capital Management LLC lifted its stake in shares of JFB Construction by 21.1% in the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company's stock worth $182,000 after buying an additional 2,168 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of 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 purchasing an additional 19,143 shares during the last quarter.

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.

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