JMP Securities Lowers Price Target on Jefferies Group (JEF)
JEF has been the subject of a number of other recent research reports. Analysts at Susquehanna initiated coverage on shares of Jefferies Group in a research note to investors on Tuesday, April 17th. They set a “neutral” rating on the stock. Separately, analysts at Rochdale Securities upgraded shares of Jefferies Group from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, April 4th. Finally, analysts at Sandler O’Neill downgraded shares of Jefferies Group from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, March 21st.
Jefferies Group opened at 12.95 on Thursday. Jefferies Group has a 1-year low of $9.50 and a 1-year high of $21.71. The company has a market cap of $2.896 billion and a price-to-earnings ratio of 11.13.
Jefferies Group last released its earnings data on Tuesday, March 20th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.05. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Jefferies Group will post $0.28 EPS next quarter.
Jefferies Group, Inc. and its subsidiaries operate as securities and investment banking firm. The principal operating subsidiary of the Company is Jefferies & Company, Inc.