FBR & Co Comments on Just Energy Group Inc.’s Q4 2017 Earnings (JE)
Just Energy Group Inc. (NYSE:JE) – Investment analysts at FBR & Co reduced their Q4 2017 earnings per share (EPS) estimates for Just Energy Group in a research note issued on Friday. FBR & Co analyst C. Driscoll now anticipates that the firm will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.16. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Just Energy Group’s Q3 2018 earnings at $0.15 EPS.
Several other equities analysts have also commented on the stock. TD Securities upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.50 to $9.50 in a report on Wednesday, October 12th. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $8.00 target price (down from $8.50) on shares of Just Energy Group in a report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Just Energy Group has a consensus rating of “Buy” and an average price target of $8.54.
Just Energy Group (NYSE:JE) opened at 4.88 on Monday. The firm has a 50-day moving average of $5.16 and a 200 day moving average of $5.79. The stock has a market capitalization of $721.14 million, a price-to-earnings ratio of 2.36 and a beta of 1.32. Just Energy Group has a 12-month low of $4.86 and a 12-month high of $7.38.
Several large investors have recently made changes to their positions in JE. KCG Holdings Inc. increased its stake in shares of Just Energy Group by 164.8% in the third quarter. KCG Holdings Inc. now owns 30,755 shares of the company’s stock worth $156,000 after buying an additional 19,140 shares in the last quarter. Morgan Stanley increased its position in Just Energy Group by 3.5% in the third quarter. Morgan Stanley now owns 1,196,728 shares of the company’s stock worth $6,068,000 after buying an additional 40,818 shares during the period. Traynor Capital Management Inc. increased its position in Just Energy Group by 1.9% in the third quarter. Traynor Capital Management Inc. now owns 32,540 shares of the company’s stock worth $177,000 after buying an additional 603 shares during the period. James Investment Research Inc. bought a new position in Just Energy Group during the third quarter worth approximately $1,589,000. Finally, AGF Investments Inc. increased its position in Just Energy Group by 35.5% in the third quarter. AGF Investments Inc. now owns 1,281,838 shares of the company’s stock worth $6,494,000 after buying an additional 335,986 shares during the period. 27.70% of the stock is currently owned by institutional investors.
Just Energy Group Company Profile
Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.
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