JFB Construction (NASDAQ:JFB) Research Coverage Started at JonesTrading

JonesTrading assumed coverage on shares of JFB Construction (NASDAQ:JFB) in a research note released on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.00 price target on the stock.

Other analysts also recently issued research reports about the company. Roth Capital assumed 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 cut JFB Construction from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded JFB Construction to a “hold” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.50.

JFB Construction Price Performance

JFB Construction stock opened at $4.95 on Thursday. The firm has a market capitalization of $100.04 million, a price-to-earnings ratio of -9.16 and a beta of 3.36. The company’s 50 day simple moving average is $4.39 and its 200 day simple moving average is $5.23. JFB Construction has a fifty-two week low of $2.45 and a fifty-two week high of $17.55.

JFB Construction (NASDAQ:JFB) last issued its earnings results on Thursday, August 13th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $9.07 million during the quarter, compared to the consensus estimate of $29.00 million. JFB Construction had a negative net margin of 25.19% and a negative return on equity of 28.42%. As a group, analysts predict that JFB Construction will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On JFB Construction

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JFB. Geode Capital Management LLC raised its stake in shares of JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after purchasing an additional 2,168 shares during the period. Private Advisor Group LLC bought a new position in shares of JFB Construction during the first quarter worth about $76,000. Royal Bank of Canada raised its position in JFB Construction by 4,188.8% in the 1st quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock valued at $120,000 after buying an additional 19,143 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in JFB Construction in the 3rd quarter valued at approximately $258,000. Finally, 683 Capital Management LLC bought a new stake in JFB Construction in the 4th quarter valued at approximately $389,000.

JFB Construction News Summary

Here are the key news stories impacting JFB Construction this week:

• Positive Sentiment: The merger gives XTEND access to the U.S. public markets and provides approximately $67.7 million in closing cash, exceeding the previously required $60 million minimum. Management said the funds will support working capital, manufacturing expansion and growth in defense, law enforcement and security robotics. XTEND AI Robotics completes business combination with JFB Construction Holdings
• Positive Sentiment: XTEND says it has deployed more than 12,500 systems across over 30 countries, including combat-zone deployments. Its focus on AI-powered drones, robots and autonomous systems could give the newly public company exposure to growing defense and public-safety spending. XTEND Reality Expansion begins trading on NYSE after merger
• Positive Sentiment: JonesTrading initiated coverage with a Buy rating and a $10 price target, implying substantial upside from the previously cited $4.95 level. The initiation may attract additional speculative interest.
• Neutral Sentiment: The transaction reportedly raised approximately $110 million in total capital, but investors will need to assess the combined company’s ownership structure, dilution, valuation and financial statements under the new XTND listing. XTEND and JFB complete business combination
• Negative Sentiment: The change from JFB to XTND can create short-term trading volatility, reduced continuity in price charts and possible liquidity or listing risks. The companies also caution that merger integration, unforeseen liabilities, retention of talent and failure to maintain the NYSE listing could hurt results. XTEND public debut following reverse merger

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.