FBR & Co Reaffirms Outperform Rating for Juno Lighting LLC (JUNO)

FBR & Co reissued their outperform rating on shares of Juno Lighting LLC (NASDAQ:JUNO) in a report published on Saturday. The firm currently has a $61.00 target price on the biopharmaceutical company’s stock.

JUNO has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of Juno Lighting from an overweight rating to a neutral rating and dropped their target price for the stock from $63.00 to $39.00 in a research report on Friday, July 8th. Cowen and Company reaffirmed a buy rating and issued a $55.00 price objective on shares of Juno Lighting in a research report on Sunday, July 10th. BTIG Research began coverage on shares of Juno Lighting in a research report on Tuesday, August 30th. They issued a sell rating and a $23.00 price objective for the company. Zacks Investment Research downgraded shares of Juno Lighting from a hold rating to a sell rating in a research report on Wednesday, October 5th. Finally, Leerink Swann reaffirmed an outperform rating and issued a $45.00 price objective on shares of Juno Lighting in a research report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Juno Lighting presently has a consensus rating of Buy and a consensus price target of $46.27.

Analyst Recommendations for Juno Lighting (NASDAQ:JUNO)

Shares of Juno Lighting (NASDAQ:JUNO) opened at 27.99 on Friday. The stock’s market cap is $2.85 billion. Juno Lighting has a 52-week low of $22.37 and a 52-week high of $57.82. The company has a 50-day moving average of $29.63 and a 200 day moving average of $35.80.

Juno Lighting (NASDAQ:JUNO) last posted its earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.23. The company had revenue of $27.60 million for the quarter, compared to analysts’ expectations of $14.26 million. The business’s quarterly revenue was up 121.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.35) earnings per share. Equities research analysts forecast that Juno Lighting will post ($2.48) EPS for the current fiscal year.

In related news, CEO Hans Edgar Bishop sold 84,035 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $30.28, for a total transaction of $2,544,579.80. Following the transaction, the chief executive officer now directly owns 2,518,537 shares in the company, valued at $76,261,300.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently made changes to their positions in the company. Creative Planning boosted its position in shares of Juno Lighting by 41.1% in the third quarter. Creative Planning now owns 41,966 shares of the biopharmaceutical company’s stock valued at $1,259,000 after buying an additional 12,226 shares during the period. Sib LLC bought a new stake in Juno Lighting during the third quarter worth about $3,001,000. Private Asset Management Inc. boosted its stake in Juno Lighting by 903.5% in the third quarter. Private Asset Management Inc. now owns 63,975 shares of the biopharmaceutical company’s stock worth $1,920,000 after buying an additional 57,600 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Juno Lighting by 51.3% in the third quarter. BNP Paribas Arbitrage SA now owns 22,204 shares of the biopharmaceutical company’s stock worth $666,000 after buying an additional 7,526 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Juno Lighting by 84.8% in the second quarter. Macquarie Group Ltd. now owns 99,167 shares of the biopharmaceutical company’s stock worth $3,812,000 after buying an additional 45,517 shares during the last quarter.

Juno Lighting Company Profile

5 Day Chart for NASDAQ:JUNO

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