Jason Industries Inc (JASN) Given Consensus Rating of “Strong Buy” by Analysts
Shares of Jason Industries Inc (NASDAQ:JASN) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $4.50 for the company and are anticipating that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Jason Industries an industry rank of 162 out of 255 based on the ratings given to its competitors.
Several research analysts recently commented on JASN shares. ValuEngine upgraded Jason Industries from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Zacks Investment Research raised shares of Jason Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
Jason Industries (NASDAQ:JASN) last released its quarterly earnings results on Tuesday, March 5th. The technology company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.23). Jason Industries had a negative return on equity of 1.05% and a negative net margin of 3.15%. As a group, analysts expect that Jason Industries will post -0.1 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in JASN. JPMorgan Chase & Co. bought a new stake in Jason Industries in the third quarter worth about $193,000. Renaissance Technologies LLC lifted its stake in Jason Industries by 19.3% in the third quarter. Renaissance Technologies LLC now owns 1,036,916 shares of the technology company’s stock worth $3,494,000 after purchasing an additional 167,400 shares during the last quarter. Manatuck Hill Partners LLC lifted its stake in Jason Industries by 3,571.6% in the third quarter. Manatuck Hill Partners LLC now owns 734,329 shares of the technology company’s stock worth $2,475,000 after purchasing an additional 714,329 shares during the last quarter. Vanguard Group Inc lifted its stake in Jason Industries by 2.1% in the third quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock worth $2,472,000 after purchasing an additional 15,131 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Jason Industries by 7.1% in the fourth quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,883 shares during the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.
About Jason Industries
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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