Piper Jaffray Downgraded to “Neutral” at Zacks (PJC)
Piper Jaffray (NYSE:PJC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday. They currently have a $53.60 target price on the stock. Zacks‘s price objective suggests a potential upside of 5.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on PJC. 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. Separately, analysts at Susquehanna initiated coverage on shares of Piper Jaffray in a research note on Monday, March 31st. They set a “neutral” rating and a $41.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Piper Jaffray from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.20.
Shares of Piper Jaffray (NYSE:PJC) traded up 0.52% on Tuesday, hitting $50.936. The stock had a trading volume of 101,037 shares. Piper Jaffray has a 52-week low of $29.48 and a 52-week high of $50.85. The stock has a 50-day moving average of $45.17 and a 200-day moving average of $42.0. The company has a market cap of $828.6 million and a price-to-earnings ratio of 15.84.
Piper Jaffray (NYSE:PJC) last announced its earnings results on Thursday, April 24th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 53.5% on a year-over-year basis. On average, analysts predict that Piper Jaffray will post $3.60 earnings per share 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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