Jefferies Financial Group (NYSE:JEF) Price Target Raised to $26.00 at Oppenheimer

Jefferies Financial Group (NYSE:JEF) had its target price upped by investment analysts at Oppenheimer from $25.00 to $26.00 in a report released on Tuesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target would suggest a potential upside of 71.73% from the stock’s previous close.

Several other research firms have also commented on JEF. ValuEngine upgraded Jefferies Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Zacks Investment Research cut Jefferies Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, June 24th. Finally, TheStreet cut Jefferies Financial Group from a “c-” rating to a “d+” rating in a report on Wednesday, April 15th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.00.

NYSE JEF opened at $15.14 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.63 and a current ratio of 1.63. Jefferies Financial Group has a fifty-two week low of $11.20 and a fifty-two week high of $24.03. The stock has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $17.55. The firm has a market capitalization of $3.87 billion, a P/E ratio of 4.62 and a beta of 1.43.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Monday, June 29th. The financial services provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.19. Jefferies Financial Group had a return on equity of 5.63% and a net margin of 24.03%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $844.30 million. During the same quarter in the previous year, the business earned $0.14 EPS. Jefferies Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts forecast that Jefferies Financial Group will post 0.46 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEF. Acadian Asset Management LLC acquired a new position in Jefferies Financial Group during the fourth quarter worth $55,000. CWM Advisors LLC acquired a new stake in shares of Jefferies Financial Group during the first quarter worth about $40,000. Procyon Private Wealth Partners LLC acquired a new stake in shares of Jefferies Financial Group during the fourth quarter worth about $75,000. Signaturefd LLC boosted its stake in shares of Jefferies Financial Group by 43.6% during the first quarter. Signaturefd LLC now owns 4,292 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,303 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in shares of Jefferies Financial Group during the fourth quarter worth about $132,000. Hedge funds and other institutional investors own 69.06% of the company’s stock.

About Jefferies Financial Group

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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