JGWPT Holdings Stock Price Up 12.8% After Earnings Beat (JGW)
JGWPT Holdings (NYSE:JGW) rose 12.8% during trading on Thursday following a stronger than expected earnings report, StockRatingsNetwork reports. The stock traded as high as $13.45 and last traded at $12.75, with a volume of 522,148 shares trading hands. The stock had previously closed at $11.30.
The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $123.50 million for the quarter, compared to the consensus estimate of $65.71 million.
JGW has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of JGWPT Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $11.30 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of JGWPT Holdings in a research note on Monday, May 19th. They now have a $14.00 price target on the stock, down previously from $20.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of JGWPT Holdings in a research note on Friday, May 16th. They now have a $17.00 price target on the stock, down previously from $21.00. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. JGWPT Holdings has an average rating of “Buy” and a consensus price target of $13.85.
The stock’s 50-day moving average is $11.10 and its 200-day moving average is $13.79. The company’s market cap is $163.6 million.
JGWPT Holdings Inc is a direct response marketer that provides liquidity to its customers by purchasing structured settlement, annuity and lottery payment streams, as well as interests in the proceeds of legal claims, in the United States.
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