Jefferies Financial Group (NYSE:JEF) Stock Price Expected to Rise, Oppenheimer Analyst Says

Jefferies Financial Group (NYSE:JEF) had its target price raised by Oppenheimer from $72.00 to $87.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price suggests a potential upside of 45.83% from the stock’s current price.

Several other research analysts also recently issued reports on JEF. UBS Group reduced their price objective on Jefferies Financial Group from $76.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Zacks Research raised Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Loop Capital set a $60.00 price objective on shares of Jefferies Financial Group in a research report on Monday. The Goldman Sachs Group restated a “buy” rating on shares of Jefferies Financial Group in a research report on Friday, June 5th. Finally, BMO Capital Markets lifted their price target on shares of Jefferies Financial Group from $42.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.38.

Jefferies Financial Group Stock Performance

Shares of NYSE JEF opened at $59.66 on Friday. Jefferies Financial Group has a one year low of $35.53 and a one year high of $71.04. The business’s 50-day moving average price is $50.01 and its two-hundred day moving average price is $53.08. The company has a market capitalization of $12.20 billion, a P/E ratio of 20.16 and a beta of 1.54. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04.

Jefferies Financial Group (NYSE:JEF) last announced its quarterly earnings results on Wednesday, March 25th. The financial services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Jefferies Financial Group had a return on equity of 7.83% and a net margin of 6.61%.The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the firm earned $0.57 EPS. Jefferies Financial Group’s quarterly revenue was up 26.6% on a year-over-year basis. Analysts anticipate that Jefferies Financial Group will post 3.86 earnings per share for the current fiscal year.

Institutional Trading of Jefferies Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC raised its position in Jefferies Financial Group by 75.0% in the 4th quarter. Salomon & Ludwin LLC now owns 413 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 177 shares during the period. Parallel Advisors LLC boosted its stake in Jefferies Financial Group by 1.8% during the third quarter. Parallel Advisors LLC now owns 10,546 shares of the financial services provider’s stock worth $690,000 after acquiring an additional 187 shares in the last quarter. Rothschild Investment LLC boosted its stake in Jefferies Financial Group by 34.7% during the third quarter. Rothschild Investment LLC now owns 741 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 191 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Jefferies Financial Group by 1.3% in the third quarter. Quadrant Capital Group LLC now owns 15,811 shares of the financial services provider’s stock worth $1,034,000 after buying an additional 206 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Jefferies Financial Group by 11.2% in the third quarter. Allworth Financial LP now owns 2,159 shares of the financial services provider’s stock worth $141,000 after buying an additional 217 shares during the last quarter. 60.88% of the stock is currently owned by hedge funds and other institutional investors.

Jefferies Financial Group Company Profile

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.