Just Energy Group (NYSE:JE) Stock Rating Upgraded by CIBC

Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by CIBC from an “underperform” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.

Several other analysts also recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Just Energy Group in a report on Friday, August 16th. Canaccord Genuity raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. TheStreet lowered shares of Just Energy Group from a “c-” rating to a “d” rating in a research report on Wednesday, June 5th. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 21st. Finally, ValuEngine lowered shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Just Energy Group has an average rating of “Hold” and an average target price of $5.75.

Shares of NYSE JE traded up $0.08 on Thursday, hitting $1.23. The company’s stock had a trading volume of 1,842,219 shares, compared to its average volume of 370,696. Just Energy Group has a 12-month low of $1.13 and a 12-month high of $4.42. The company has a market capitalization of $178.11 million, a price-to-earnings ratio of 10.25 and a beta of 0.91. The company has a debt-to-equity ratio of 22.52, a current ratio of 0.92 and a quick ratio of 1.27. The stock has a 50 day moving average of $3.21 and a 200-day moving average of $3.53.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative net margin of 9.76% and a negative return on equity of 325.10%. The business had revenue of $670.17 million during the quarter, compared to analysts’ expectations of $911.86 million. During the same period last year, the company earned ($0.45) EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts expect that Just Energy Group will post -1.38 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of JE. Susquehanna Fundamental Investments LLC acquired a new position in shares of Just Energy Group in the second quarter valued at approximately $46,000. Perella Weinberg Partners Capital Management LP acquired a new position in Just Energy Group during the first quarter worth approximately $59,000. A.R.T. Advisors LLC acquired a new position in Just Energy Group during the second quarter worth approximately $73,000. Jane Street Group LLC increased its position in Just Energy Group by 36.9% during the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Just Energy Group by 245.9% during the fourth quarter. Bank of America Corp DE now owns 33,343 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 23,703 shares during the last quarter. 29.91% of the stock is owned by institutional investors and hedge funds.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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Analyst Recommendations for Just Energy Group (NYSE:JE)

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