Piper Jaffray Hits New 1-Year High at $49.48 (PJC)
Piper Jaffray (NYSE:PJC)’s share price reached a new 52-week high during mid-day trading on Friday , AnalystRatings.Net reports. The stock traded as high as $49.48 and last traded at $49.32, with a volume of 98,562 shares changing hands. The stock had previously closed at $48.35.
A number of research firms have recently commented on PJC. 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 given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.
The stock’s 50-day moving average is $44.79 and its 200-day moving average is $41.76. The company has a market cap of $814.0 million and a price-to-earnings ratio of 15.11.
Piper Jaffray (NYSE:PJC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.60 earnings per share. Piper Jaffray’s revenue was up 53.5% compared to the same quarter last year. Analysts expect that Piper Jaffray will post $3.60 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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