Jefferies Group Lowers Susquehanna Price Target to $12.50 (SUSQ)
Investment analysts at Jefferies Group lowered their price objective on shares of Susquehanna (NASDAQ:SUSQ) from $13.00 to $12.50 in a note issued to investors on Friday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 6.11% from the company’s current price.
Susquehanna (NASDAQ:SUSQ) traded down 5.68% during mid-day trading on Friday, hitting $11.78. The stock had a trading volume of 6,054,417 shares. Susquehanna has a 52-week low of $9.19 and a 52-week high of $14.35. The stock’s 50-day moving average is $13.12 and its 200-day moving average is $12.49. The company has a market cap of $2.205 billion and a price-to-earnings ratio of 13.91.
Susquehanna (NASDAQ:SUSQ) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01. During the same quarter last year, the company posted $0.20 earnings per share.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Monday, October 28th.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Susquehanna in a research note to investors on Friday. They now have a $16.00 price target on the stock, up previously from $13.00. Separately, analysts at FBR & Co. downgraded shares of Susquehanna from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Credit Suisse downgraded shares of Susquehanna from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $13.00 price target on the stock, down previously from $15.00. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.29.
Susquehanna Bancshares, Inc (NASDAQ:SUSQ) is a financial holding company that provides a range of retail and commercial banking and financial services, through its subsidiaries in the mid-Atlantic region.
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