JFB Construction (NASDAQ:JFB) Stock Rating Upgraded by Zacks Research

JFB Construction (NASDAQ:JFB) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

JFB has been the topic of a number of other research reports. Roth Capital initiated coverage on JFB Construction in a research note on Thursday, July 2nd. They set a “buy” rating and a $9.00 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of JFB Construction in a research note on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JFB Construction presently has an average rating of “Hold” and an average price target of $9.00.

JFB Construction Stock Performance

JFB stock opened at $4.36 on Monday. JFB Construction has a 1 year low of $2.45 and a 1 year high of $17.55. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $5.57. The firm has a market cap of $88.20 million, a P/E ratio of -9.91 and a beta of 3.34.

JFB Construction (NASDAQ:JFB) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 32.35%. The company had revenue of $12.68 million for the quarter. On average, research analysts predict that JFB Construction will post -0.23 earnings per share for the current year.

Institutional Trading of JFB Construction

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in shares of JFB Construction during the 4th quarter valued at about $604,000. 683 Capital Management LLC purchased a new position in JFB Construction during the fourth quarter worth approximately $389,000. Nomura Holdings Inc. purchased a new stake in shares of JFB Construction during the 3rd quarter valued at $258,000. Royal Bank of Canada raised its position in shares of JFB Construction by 4,188.8% in the 1st quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock worth $120,000 after buying an additional 19,143 shares during the period. Finally, Private Advisor Group LLC purchased a new stake in JFB Construction during the first quarter worth approximately $76,000.

JFB Construction Company Profile

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.