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Shares of Piper Jaffray (NYSE:PJC) reached a new 52-week high on Friday , AmericanBankingNews.com reports. The company traded as high as $47.63 and last traded at $47.63, with a volume of 75,462 shares traded. The stock had previously closed at $46.52.

PJC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Piper Jaffray from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, analysts at SunTrust initiated coverage on shares of Piper Jaffray in a research note on Tuesday, April 1st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.00.

The stock’s 50-day moving average is $43.72 and its 200-day moving average is $41.08. The company has a market cap of $774.6 million and a P/E ratio of 14.54.

Piper Jaffray (NYSE:PJC) last released its earnings data on Thursday, April 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.33. The company had revenue of $168.10 million for the quarter, compared to the consensus estimate of $127.10 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. Analysts expect that Piper Jaffray will post $4.34 EPS for the current fiscal year.

Piper Jaffray Companies is an investment bank and asset management firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally.

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