Jason Industries, Inc. (JASN) Reaches $2.37 After 7.00% Down Move; 2 Bullish Analysts Covering S&T Bancorp, Inc. (STBA)

January 14, 2018 - By Henry Gaston

The stock of Jason Industries, Inc. (NASDAQ:JASN) is a huge mover today! The stock decreased 4.44% or $0.11 during the last trading session, reaching $2.37. About 332,497 shares traded or 181.29% up from the average. Jason Industries, Inc. (NASDAQ:JASN) has declined 64.54% since January 14, 2017 and is downtrending. It has underperformed by 81.24% the S&P500.The move comes after 5 months negative chart setup for the $61.54M company. It was reported on Jan, 14 by Barchart.com. We have $2.20 PT which if reached, will make NASDAQ:JASN worth $4.31M less.

Among 7 analysts covering S&T Bancorp (NASDAQ:STBA), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. S&T Bancorp had 17 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Zacks on Saturday, August 29. The firm earned “Market Perform” rating on Wednesday, October 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of STBA in report on Friday, October 20 with “Hold” rating. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The rating was downgraded by Piper Jaffray on Wednesday, November 16 to “Neutral”. The stock has “Hold” rating by Piper Jaffray on Thursday, October 19. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. Zacks upgraded S&T Bancorp, Inc. (NASDAQ:STBA) rating on Wednesday, August 12. Zacks has “Hold” rating and $34 target. Piper Jaffray upgraded S&T Bancorp, Inc. (NASDAQ:STBA) on Monday, October 24 to “Overweight” rating. The company was maintained on Wednesday, July 22 by RBC Capital Markets. See S&T Bancorp, Inc. (NASDAQ:STBA) latest ratings:

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $45.0 Maintain
20/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $41.5 Maintain
19/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $36.5 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $38.0 Maintain
21/07/2017 Broker: Boenning & Scattergood Rating: Hold Maintain

Among 3 analysts covering Jason Industries (NASDAQ:JASN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jason Industries had 4 analyst reports since November 2, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $8 target in Wednesday, March 2 report. The firm earned “Buy” rating on Thursday, January 4 by Roth Capital. The stock has “Buy” rating by Stifel Nicolaus on Friday, August 5.

Jason Industries, Inc., together with its subsidiaries, engages in the manufacture of seating, finishing, acoustics, and components in the United States and internationally. The company has market cap of $61.54 million. It produces finishing products, such as industrial brushes, buffing wheels, and buffing compounds for use in various industrial and infrastructure applications; and supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment maker seating for the heavyweight motorcycles. It currently has negative earnings. The firm also makes engineered non-woven and fiber acoustical products for the auto industry; and makes stamped, formed, expanded and perforated metal components, and subassemblies for rail and filtration applications, outdoor power equipment, small gas engines, and smart utility meters.

The stock increased 0.58% or $0.24 during the last trading session, reaching $41.86. About 90,153 shares traded. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 34.99% since January 14, 2017 and is uptrending. It has outperformed by 18.29% the S&P500.

S&T Bancorp, Inc. operates as the bank holding firm for S&T Bank that provides a range of financial services. The company has market cap of $1.46 billion. It operates through three divisions: Community Banking, Wealth Management, and Insurance. It has a 17.97 P/E ratio. The Community Banking segment accepts time and demand deposits; and originates commercial and consumer loans.

Since August 18, 2017, it had 0 buys, and 4 insider sales for $446,575 activity. 4,414 shares were sold by RUDDOCK DAVID P, worth $154,468 on Friday, August 18. The insider KRIEGER DAVID sold 1,201 shares worth $50,179. Another trade for 1,250 shares valued at $44,113 was made by SPOSITO THOMAS J II on Tuesday, August 22. $197,815 worth of S&T Bancorp, Inc. (NASDAQ:STBA) was sold by MILLER JAMES C on Tuesday, December 12.

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