JFB Construction (NASDAQ:JFB) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of JFB Construction (NASDAQ:JFB) to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Roth Capital began 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 report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.00.

JFB Construction Stock Up 7.4%

Shares of JFB Construction stock opened at $4.36 on Monday. JFB Construction has a 52 week low of $2.45 and a 52 week high of $17.55. The business has a 50 day moving average price of $4.74 and a 200-day moving average price of $5.57. The company has a market cap of $88.20 million, a PE 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) earnings per share (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. As a group, research analysts anticipate that JFB Construction will post -0.23 EPS for the current year.

Institutional Investors Weigh In On JFB Construction

Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of JFB Construction by 4,188.8% during the 1st quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock worth $120,000 after purchasing an additional 19,143 shares during the period. Private Advisor Group LLC purchased a new position in shares of JFB Construction in the 1st quarter worth about $76,000. 683 Capital Management LLC bought a new position in JFB Construction during the fourth quarter valued at about $389,000. Marshall Wace LLP purchased a new stake in JFB Construction during the fourth quarter worth about $604,000. Finally, Geode Capital Management LLC increased its holdings in JFB Construction by 21.1% during 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 during the last quarter.

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.