Jefferies Financial Group (NYSE:JEF) Upgraded at Zacks Research

Jefferies Financial Group (NYSE:JEFGet Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

JEF has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on Jefferies Financial Group from $68.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, March 23rd. UBS Group reduced their price target on Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Morgan Stanley downgraded Jefferies Financial Group from an “overweight” rating to an “equal weight” rating and set a $49.00 price target on the stock. in a research report on Monday, March 9th. The Goldman Sachs Group lowered their price target on Jefferies Financial Group from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Jefferies Financial Group in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Jefferies Financial Group presently has an average rating of “Hold” and a consensus target price of $57.14.

View Our Latest Stock Report on JEF

Jefferies Financial Group Price Performance

NYSE:JEF opened at $45.74 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.99 and a current ratio of 1.04. The stock’s 50-day simple moving average is $46.13 and its 200 day simple moving average is $54.69. The company has a market cap of $9.35 billion, a P/E ratio of 15.45 and a beta of 1.52. Jefferies Financial Group has a 52-week low of $35.53 and a 52-week high of $71.04.

Jefferies Financial Group (NYSE:JEFGet Free Report) last released its earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Jefferies Financial Group had a net margin of 6.61% and a return on equity of 7.83%. Jefferies Financial Group’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. As a group, sell-side analysts forecast that Jefferies Financial Group will post 4.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Jefferies Financial Group

A number of institutional investors have recently made changes to their positions in JEF. Salomon & Ludwin LLC boosted its holdings in shares of Jefferies Financial Group by 75.0% during the fourth quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 177 shares during the period. Smithfield Trust Co bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $28,000. Root Financial Partners LLC bought a new stake in shares of Jefferies Financial Group during the third quarter worth approximately $30,000. Finally, Nvwm LLC bought a new stake in shares of Jefferies Financial Group during the fourth quarter worth approximately $31,000. Institutional investors own 60.88% of the company’s stock.

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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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