Jason Industries Inc (JASN) Receives Consensus Recommendation of “Strong Buy” from Analysts

Jason Industries Inc (NASDAQ:JASN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price objective of $4.50 for the company and are expecting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Jason Industries an industry rank of 201 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Jason Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine raised shares of Jason Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

Several large investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. bought a new position in Jason Industries in the 4th quarter worth about $44,000. JPMorgan Chase & Co. bought a new position in Jason Industries in the 3rd quarter worth about $193,000. BlackRock Inc. grew its position in Jason Industries by 7.1% in the 4th quarter. BlackRock Inc. now owns 103,581 shares of the technology company’s stock worth $142,000 after purchasing an additional 6,883 shares during the last quarter. Vanguard Group Inc grew its position in Jason Industries by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock worth $2,472,000 after purchasing an additional 15,131 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its position in Jason Industries by 3,571.6% in the 3rd quarter. Manatuck Hill Partners LLC now owns 734,329 shares of the technology company’s stock worth $2,475,000 after purchasing an additional 714,329 shares during the last quarter. 35.00% of the stock is owned by institutional investors and hedge funds.

Shares of Jason Industries stock traded down $0.09 during trading on Friday, reaching $1.63. The company had a trading volume of 112,154 shares, compared to its average volume of 105,280. The firm has a market cap of $45.07 million, a PE ratio of -3.03 and a beta of 1.23. Jason Industries has a fifty-two week low of $1.29 and a fifty-two week high of $3.88.

Jason Industries (NASDAQ:JASN) last issued its earnings results on Tuesday, March 5th. The technology company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.23). Jason Industries had a negative net margin of 3.15% and a negative return on equity of 1.05%. Equities analysts expect that Jason Industries will post -0.1 EPS for the current year.

About Jason Industries

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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