Sunday, March 7, 2021

RBC Capital Mkts lifts Just Energy Group Inc. [JE] price estimate. Who else is bullish?

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Just Energy Group Inc. [NYSE: JE] closed the trading session at $3.96 on 02/22/21. The day’s price range saw the stock hit a low of $3.85, while the highest price level was $4.49. The company report on February 22, 2021 that IIROC Trade Resumption – JE.

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Trading resumes in:.


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Company: Just Energy Group Inc.

The stocks have a year to date performance of -15.38 percent and weekly performance of -44.69 percent. The stock has been moved at -59.04 percent over the last six months. The stock has performed -29.16 percent around the most recent 30 days and changed -18.52 percent over the most recent 3-months.

If compared to the average trading volume of 2.36M shares, JE reached to a volume of 15170453 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Just Energy Group Inc. [JE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JE shares is $7.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JE stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Just Energy Group Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on October 19, 2020. The new note on the price target was released on July 29, 2020, representing the official price target for Just Energy Group Inc. stock.

The Average True Range (ATR) for Just Energy Group Inc. is set at 0.78

JE stock trade performance evaluation

Just Energy Group Inc. [JE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -44.69. With this latest performance, JE shares dropped by -29.16% in over the last four-week period, additionally sinking by -59.04% over the last 6 months – not to mention a drop of -86.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JE stock in for the last two-week period is set at 31.27, with the RSI for the last a single of trading hit 23.51, and the three-weeks RSI is set at 36.30 for Just Energy Group Inc. [JE]. The present Moving Average for the last 50 days of trading for this stock 5.73, while it was recorded at 5.44 for the last single week of trading, and 9.53 for the last 200 days.

Just Energy Group Inc. [JE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Just Energy Group Inc. [JE] shares currently have an operating margin of +4.28 and a Gross Margin at +21.45. Just Energy Group Inc.’s Net Margin is presently recorded at -10.75.

Return on Total Capital for JE is now 22.72, given the latest momentum, and Return on Invested Capital for the company is -79.24. Additionally, JE Total Debt to Total Capital is recorded at 272.35, with Total Debt to Total Assets ending up at 64.32.

Reflecting on the efficiency of the workforce at the company, Just Energy Group Inc. [JE] managed to generate an average of -$338,818 per employee. Receivables Turnover for the company is 4.57 with a Total Asset Turnover recorded at a value of 1.87.

Earnings per share (EPS) analysis for Just Energy Group Inc. [JE] stock

With the latest financial reports released by the company, Just Energy Group Inc. posted -0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -188.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JE.

Just Energy Group Inc. [JE]: Insider Ownership positions

There are presently around $71 million, or 17.89% of JE stock, in the hands of institutional investors. The top three institutional holders of JE stocks are: ALLIANZ ASSET MANAGEMENT GMBH with ownership of 13,872,207, which is approximately New of the company’s market cap and around 9.79% of the total institutional ownership; CLARET ASSET MANAGEMENT CORP, holding 1,392,011 shares of the stock with an approximate value of $5.51 million in JE stocks shares; and PENDERFUND CAPITAL MANAGEMENT LTD., currently with $1.94 million in JE stock with ownership of nearly -83.196% of the company’s market capitalization.

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Positions in Just Energy Group Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 23 institutional holders increased their position in Just Energy Group Inc. [NYSE:JE] by around 15,698,744 shares. Additionally, 20 investors decreased positions by around 5,795,866 shares, while 0 investors held positions by with 3,683,556 shares. The mentioned changes placed institutional holdings at 17,811,054 shares, according to the latest SEC report filing. JE stock had 10 new institutional investments in for a total of 14,308,990 shares, while 10 institutional investors sold positions of 623,429 shares during the same period.

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