B.Riley FBR analyst Christopher Van Horn maintained a Buy rating on Just Energy Group Inc (JE) on May 17 and set a price target of $6. The company’s shares closed on Friday at $3.12.
Van Horn observed:
“Just Energy (JE – Buy, $6 PT) reported F4Q19 results that were below consensus for both revenue and base EBITDA. The company reported C$1.02B, vs. consensus of C$1.10B. In addition, it reported base EBITDA of $C68.8M, vs. C$75.3M, as the company’s cost-control efforts did not come to fruition as much as we had thought for this quarter. JE set 2020 guidance at C$220M–C $240M, in line with where our estimates were. We slightly lower our estimate for base EBITDA to better reflect the risks associated with cost controls during 2020, but we recognize that we are more on the conservative side of expectations. We remain optimistic about management’s plan to drive consistent profitability, leading to our FY20E base EBITDA of C$223M, an ~10% increase Y/Y .”
According to TipRanks.com, Horn is a 3-star analyst with an average return of 1.6% and a 47.4% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Methode Electronics, and Hickok Incorporated.
Just Energy Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $6.25, representing a 100.3% upside. In a report issued on May 17, H.C. Wainwright also maintained a Buy rating on the stock with a $6.50 price target.
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Just Energy Group Inc’s market cap is currently $466.5M and has a P/E ratio of 2.64. The company has a Price to Book ratio of 44.63.
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Just Energy Group, Inc. engages in the provision of electricity and natural gas commodities, energy efficient solutions, and renewable energy options. It operates through the following segments: Consumer Energy, and Commercial Energy. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt.
