J2 Global (NASDAQ:JCOM) PT Raised to $110.00

J2 Global (NASDAQ:JCOM) had its price target hoisted by Citigroup from $104.00 to $110.00 in a report published on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the stock. DA Davidson upped their target price on shares of J2 Global from $110.00 to $115.00 and gave the company a buy rating in a report on Wednesday, January 8th. Zacks Investment Research cut shares of J2 Global from a buy rating to a hold rating and set a $103.00 target price for the company. in a report on Wednesday, November 6th. Susquehanna Bancshares upped their target price on shares of J2 Global from $115.00 to $130.00 and gave the company a positive rating in a report on Wednesday. Piper Jaffray Companies initiated coverage on shares of J2 Global in a report on Wednesday, November 27th. They issued an overweight rating for the company. Finally, Wedbush restated a buy rating and issued a $110.00 target price on shares of J2 Global in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $112.88.

Shares of J2 Global stock traded down $0.13 during trading hours on Thursday, hitting $97.56. The company had a trading volume of 652,744 shares, compared to its average volume of 386,854. The company’s 50-day moving average is $98.12 and its two-hundred day moving average is $92.93. J2 Global has a twelve month low of $79.33 and a twelve month high of $104.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $4.87 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75.

J2 Global (NASDAQ:JCOM) last issued its earnings results on Monday, February 10th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.12. J2 Global had a net margin of 15.95% and a return on equity of 30.21%. The business had revenue of $405.59 million during the quarter, compared to analysts’ expectations of $393.09 million. During the same quarter in the prior year, the business posted $2.11 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts expect that J2 Global will post 7.12 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Michigan Retirement System raised its position in J2 Global by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 13,600 shares of the technology company’s stock valued at $1,274,000 after purchasing an additional 100 shares during the last quarter. Cardinal Capital Management raised its position in J2 Global by 1.2% in the 3rd quarter. Cardinal Capital Management now owns 9,561 shares of the technology company’s stock valued at $868,000 after purchasing an additional 109 shares during the last quarter. Whittier Trust Co. raised its position in J2 Global by 78.9% in the 3rd quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Tower Research Capital LLC TRC raised its position in J2 Global by 29.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 901 shares of the technology company’s stock valued at $82,000 after purchasing an additional 206 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its position in J2 Global by 263.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after purchasing an additional 263 shares during the last quarter.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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