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Piper Jaffray (NYSE:PJC) shares hit a new 52-week high on Monday , Analyst Ratings Network reports. The company traded as high as $52.00 and last traded at $51.83, with a volume of 40,088 shares trading hands. The stock had previously closed at $51.77.

PJC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Piper Jaffray from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $53.60 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Piper Jaffray presently has a consensus rating of “Hold” and an average target price of $43.20.

The stock’s 50-day moving average is $46.39 and its 200-day moving average is $42.51. The company has a market cap of $842.1 million and a P/E ratio of 16.18.

Piper Jaffray (NYSE:PJC) last released its earnings data 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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