Just Energy Group (NYSE:JE) Rating Lowered to Hold at Canaccord Genuity

Canaccord Genuity downgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a buy rating to a hold rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports.

A number of other analysts have also issued reports on JE. ValuEngine upgraded shares of Just Energy Group from a hold rating to a buy rating in a research report on Wednesday, October 2nd. Royal Bank of Canada restated a hold rating on shares of Just Energy Group in a research report on Friday, August 16th. 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. CIBC upgraded shares of Just Energy Group from an underperform rating to a hold rating in a research report on Thursday, August 22nd. Finally, B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a buy rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Just Energy Group presently has an average rating of Hold and a consensus target price of $5.75.

Shares of NYSE JE opened at $2.22 on Tuesday. Just Energy Group has a 1 year low of $1.08 and a 1 year high of $4.42. The firm’s 50 day moving average price is $1.60 and its 200 day moving average price is $3.10. The firm has a market cap of $304.27 million, a P/E ratio of 14.36 and a beta of 1.22. The company has a debt-to-equity ratio of 22.52, a quick ratio of 0.91 and a current ratio of 0.92.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative return on equity of 325.10% and a negative net margin of 9.76%. The firm had revenue of $670.17 million for the quarter, compared to analyst estimates of $911.86 million. During the same quarter last year, the business posted ($0.45) EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts predict that Just Energy Group will post -1.38 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Bank of Montreal Can raised its stake in Just Energy Group by 12.2% during the second quarter. Bank of Montreal Can now owns 3,311,477 shares of the utilities provider’s stock worth $14,240,000 after purchasing an additional 359,953 shares during the period. Vanguard Group Inc. raised its stake in Just Energy Group by 4.8% during the second quarter. Vanguard Group Inc. now owns 2,658,311 shares of the utilities provider’s stock worth $11,430,000 after purchasing an additional 122,284 shares during the period. Advisors Capital Management LLC raised its stake in Just Energy Group by 4.9% during the second quarter. Advisors Capital Management LLC now owns 2,482,844 shares of the utilities provider’s stock worth $10,676,000 after purchasing an additional 116,852 shares during the period. Renaissance Technologies LLC raised its stake in Just Energy Group by 13.3% during the second quarter. Renaissance Technologies LLC now owns 1,590,070 shares of the utilities provider’s stock worth $6,837,000 after purchasing an additional 186,700 shares during the period. Finally, Intact Investment Management Inc. raised its stake in Just Energy Group by 4.0% during the second quarter. Intact Investment Management Inc. now owns 1,058,800 shares of the utilities provider’s stock worth $5,887,000 after purchasing an additional 40,800 shares during the period. 28.93% of the stock is currently owned by institutional investors.

About Just Energy Group

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.

Featured Article: Trading on Margin

Analyst Recommendations for Just Energy Group (NYSE:JE)

Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.