Juno Lighting LLC (JUNO) Stock Rating Reaffirmed by FBR & Co
Juno Lighting LLC (NASDAQ:JUNO)‘s stock had its “outperform” rating reiterated by FBR & Co in a research note issued to investors on Saturday. They presently have a $61.00 price objective on the biopharmaceutical company’s stock. FBR & Co’s price target points to a potential upside of 117.86% from the stock’s current price.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Juno Lighting from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Leerink Swann reiterated an “outperform” rating and issued a $45.00 price objective on shares of Juno Lighting in a research report on Tuesday, September 27th. BTIG Research reiterated a “sell” rating and issued a $23.00 price objective on shares of Juno Lighting in a research report on Friday, September 9th. Standpoint Research assumed coverage on Juno Lighting in a research report on Thursday, August 25th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Vetr upgraded Juno Lighting from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.27.
Juno Lighting (NASDAQ:JUNO) opened at 27.99 on Friday. The firm’s market cap is $2.85 billion. The stock has a 50 day moving average price of $29.63 and a 200-day moving average price of $35.80. Juno Lighting has a one year low of $22.37 and a one year high of $57.82.
Juno Lighting (NASDAQ:JUNO) last announced its earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.23. The firm earned $27.60 million during the quarter, compared to the consensus estimate of $14.26 million. During the same period in the previous year, the business posted ($0.35) EPS. The business’s quarterly revenue was up 121.5% compared to the same quarter last year. Analysts predict that Juno Lighting will post ($2.48) EPS for the current fiscal year.
In other news, CEO Hans Edgar Bishop sold 84,035 shares of Juno Lighting stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $30.28, for a total transaction of $2,544,579.80. Following the transaction, the chief executive officer now owns 2,518,537 shares in the company, valued at approximately $76,261,300.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently added to or reduced their stakes in JUNO. Creative Planning boosted its stake in Juno Lighting by 41.1% in the third quarter. Creative Planning now owns 41,966 shares of the biopharmaceutical company’s stock valued at $1,259,000 after buying an additional 12,226 shares during the last quarter. Sib LLC purchased a new stake in Juno Lighting during the third quarter valued at approximately $3,001,000. Private Asset Management Inc. boosted its stake in Juno Lighting by 903.5% in the third quarter. Private Asset Management Inc. now owns 63,975 shares of the biopharmaceutical company’s stock valued at $1,920,000 after buying an additional 57,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Juno Lighting by 51.3% in the third quarter. BNP Paribas Arbitrage SA now owns 22,204 shares of the biopharmaceutical company’s stock valued at $666,000 after buying an additional 7,526 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Juno Lighting by 84.8% in the second quarter. Macquarie Group Ltd. now owns 99,167 shares of the biopharmaceutical company’s stock valued at $3,812,000 after buying an additional 45,517 shares during the last quarter.
Juno Lighting Company Profile
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