Jefferies Financial Group (NYSE:JEF) Price Target Raised to $87.00

by · The Markets Daily

Jefferies Financial Group (NYSE:JEF – Get Free Report) had its target price hoisted by equities research analysts at Oppenheimer from $72.00 to $87.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price points to a potential upside of 45.83% from the stock’s previous close.

Several other research analysts also recently commented on JEF. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Jefferies Financial Group in a research note on Friday, June 5th. UBS Group cut their price objective on shares of Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. BMO Capital Markets lifted their target price on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the stock a “market perform” rating in a research note on Monday. Weiss Ratings cut shares of Jefferies Financial Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded shares of Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.38.

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Jefferies Financial Group Price Performance

Shares of NYSE:JEF opened at $59.66 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a fifty day moving average price of $50.01 and a 200 day moving average price of $53.08. Jefferies Financial Group has a fifty-two week low of $35.53 and a fifty-two week high of $71.04. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 20.16 and a beta of 1.54.

Jefferies Financial Group (NYSE:JEF – Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the business earned $0.57 EPS. Jefferies Financial Group’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that Jefferies Financial Group will post 3.86 earnings per share for the current fiscal year.

Institutional Trading of Jefferies Financial Group

Hedge funds have recently made changes to their positions in the business. Bison Wealth LLC purchased a new position in Jefferies Financial Group in the fourth quarter valued at approximately $224,000. Arrowstreet Capital Limited Partnership acquired a new stake in Jefferies Financial Group in the second quarter valued at $3,325,000. EverSource Wealth Advisors LLC lifted its holdings in Jefferies Financial Group by 159.3% in the second quarter. EverSource Wealth Advisors LLC now owns 892 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 548 shares during the period. Amundi lifted its holdings in Jefferies Financial Group by 8.6% in the second quarter. Amundi now owns 226,025 shares of the financial services provider’s stock valued at $12,798,000 after acquiring an additional 17,935 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Jefferies Financial Group by 11.8% in the second quarter. NewEdge Advisors LLC now owns 25,970 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 2,751 shares in the last quarter. Institutional investors and hedge funds own 60.88% of the company’s stock.

About Jefferies Financial Group

(Get Free Report)

Jefferies Financial Group Inc is a diversified financial services company that provides a range of investment banking, capital markets and asset management services to corporations, governments and institutional investors worldwide. Through its core platform, Jefferies offers advisory services for mergers and acquisitions, debt and equity underwriting, restructuring and recapitalization. The firm also operates a global sales and trading business covering equities, fixed income and foreign exchange products, complemented by equity research and macroeconomic analysis.

In addition to its capital markets franchise, Jefferies maintains a growing asset management division that delivers customized investment solutions across public and private markets.

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