Cowen Group Coverage Initiated by Analysts at JMP Securities (COWN)
Equities research analysts at JMP Securities started coverage on shares of Cowen Group (NASDAQ:COWN) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Separately, analysts at Nomura initiated coverage on shares of Cowen Group in a research note on Friday, May 30th. They set a “buy” rating and a $5.40 price target on the stock.
Shares of Cowen Group (NASDAQ:COWN) opened at 4.10 on Thursday. Cowen Group has a 1-year low of $3.17 and a 1-year high of $4.83. The stock has a 50-day moving average of $4.18 and a 200-day moving average of $4.14. The company has a market cap of $469.6 million and a price-to-earnings ratio of 20.87.
Cowen Group (NASDAQ:COWN) last released its earnings data on Thursday, August 7th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. The company had revenue of $111.50 million for the quarter, compared to the consensus estimate of $104.69 million. Analysts expect that Cowen Group will post $0.31 EPS for the current fiscal year.
Cowen Group, Inc (NASDAQ:COWN) together with its subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services through its two business segments: Ramius LLC and its affiliates (Ramius) consists of the Company’s alternative investment management segment, while Cowen and Company, LLC (Cowen and Company) and its affiliates consists of the Company’s broker-dealer segment.
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