JGWPT Holdings Rating Reiterated by Deutsche Bank (JGW)
JGWPT Holdings (NYSE:JGW)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a $14.00 target price on the stock, down from their previous target price of $20.00. Deutsche Bank’s target price would indicate a potential upside of 44.18% from the company’s current price.
The analysts wrote, “Lowering EPS estimates, resulting in $14 TP; Remains Buy. With the company reporting a second consecutive miss and limited visibility to growth in payment stream purchases (TRBs), we are lowering our TRB growth estimates, resulting in lower margins as well. We are lowering our 2014-2015 EPS estimates by 13% and 22%, respectively, to $1.70 and $1.95. We do not change our valuation methodology – assigning a PEG ratio that is at the top of the lowest quartile of comps, or 0.56x. This results in a $14 TP, the equivalent of 7.2x our 2015E below-Consensus EPS, and 44% upside to the current price.”
JGW has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of JGWPT Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $9.70 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of JGWPT Holdings in a research note on Friday. They now have a $17.00 price target on the stock, down previously from $21.00. Finally, analysts at Stephens cut their price target on shares of JGWPT Holdings from $19.00 to $13.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.65.
Shares of JGWPT Holdings (NYSE:JGW) traded up 3.40% on Monday, hitting $10.04. The stock had a trading volume of 145,983 shares. JGWPT Holdings has a 52 week low of $9.43 and a 52 week high of $19.88. The stock’s 50-day moving average is $14.15 and its 200-day moving average is $16.14. The company’s market cap is $120.8 million.
JGWPT Holdings Inc is a direct response marketer that provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims, in the United States.
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