Analysts Set $28.00 Target Price for Jefferies Financial Group Inc (NYSE:JEF)

Jefferies Financial Group Inc (NYSE:JEF) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Jefferies Financial Group’s rating score has declined by 33.3% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $28.00 for the company and are forecasting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Jefferies Financial Group an industry rank of 75 out of 256 based on the ratings given to related companies.

Several analysts recently issued reports on JEF shares. Zacks Investment Research downgraded Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods started coverage on Jefferies Financial Group in a research note on Thursday, July 11th. They issued a “market perform” rating and a $23.00 price target for the company.

Several large investors have recently added to or reduced their stakes in JEF. Quinn Opportunity Partners LLC bought a new stake in shares of Jefferies Financial Group during the 1st quarter worth $1,654,000. Janus Henderson Group PLC lifted its position in shares of Jefferies Financial Group by 177.0% during the 1st quarter. Janus Henderson Group PLC now owns 209,072 shares of the financial services provider’s stock worth $3,929,000 after buying an additional 133,593 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC lifted its position in shares of Jefferies Financial Group by 27.3% during the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 30,704 shares of the financial services provider’s stock worth $533,000 after buying an additional 6,593 shares during the last quarter. Raymond James & Associates lifted its position in shares of Jefferies Financial Group by 16.7% during the 1st quarter. Raymond James & Associates now owns 408,052 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 58,508 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Jefferies Financial Group by 246.1% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 261,507 shares of the financial services provider’s stock worth $4,914,000 after buying an additional 185,946 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Shares of NYSE:JEF traded up $0.13 during trading on Friday, hitting $21.08. 1,883,705 shares of the company’s stock traded hands, compared to its average volume of 1,962,626. Jefferies Financial Group has a 52 week low of $16.20 and a 52 week high of $25.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.40 billion, a P/E ratio of 26.02 and a beta of 1.40. The firm has a 50-day simple moving average of $19.21.

Jefferies Financial Group (NYSE:JEF) last posted its quarterly earnings results on Wednesday, July 3rd. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Jefferies Financial Group will post 1.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.37%. Jefferies Financial Group’s payout ratio is 61.73%.

Jefferies Financial Group Company Profile

Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.

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