JGWPT Holdings Sees Large Volume Increase After Earnings Beat (JGW)
Shares of JGWPT Holdings (NYSE:JGW) saw an uptick in trading volume on Friday after the company announced better than expected quarterly earnings, AnalystRatings.NET reports. 251,583 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 210,988 shares.The stock last traded at $13.05 and had previously closed at $12.41.
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.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of JGWPT Holdings from $12.50 to $15.50 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. JGWPT Holdings has an average rating of “Buy” and an average price target of $14.23.
The stock has a 50-day moving average of $11.13 and a 200-day moving average of $13.78. The company’s market cap is $169.0 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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