Sandler O’Neill Upgrades Jefferies Group to Hold (JEF)

By admin | 6 years ago

Jefferies Group (NYSE: JEF) was upgraded by equities research analysts at Sandler O’Neill from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other analysts have also recently commented on the stock. Analysts at JMP Securities cut their price target on shares of Jefferies Group to $20.00 in a research note to investors on Thursday, May 31st. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.

Jefferies Group traded up 2.86% on Monday, hitting $12.94. Jefferies Group has a 1-year low of $9.50 and a 1-year high of $21.64. The company has a market cap of $2.894 billion and a price-to-earnings ratio of 10.48.

Jefferies Group last released its earnings data on Tuesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.05. Jefferies Group’s revenue was up 2.2% compared to the same quarter last year. 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.

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