Piper Jaffray Hits New 12-Month High at $54.52 (PJC)
Piper Jaffray (NYSE:PJC) hit a new 52-week high on Thursday , Analyst RN reports. The stock traded as high as $54.52 and last traded at $54.18, with a volume of 134,112 shares traded. The stock had previously closed at $53.63.
Separately, analysts at Zacks upgraded shares of Piper Jaffray from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $56.60 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Piper Jaffray has a consensus rating of “Hold” and a consensus target price of $44.20.
The stock has a 50-day moving average of $52.34 and a 200-day moving average of $45.87. The company has a market cap of $886.7 million and a P/E ratio of 12.71.
Piper Jaffray (NYSE:PJC) last announced its earnings results on Thursday, July 24th. The company reported $1.25 EPS for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $149.33 million. During the same quarter last year, the company posted $0.25 earnings per share. Piper Jaffray’s revenue was up 63.5% compared to the same quarter last year. Analysts expect that Piper Jaffray will post $4.25 EPS for the current fiscal year.
In other Piper Jaffray news, Insider R Scott Larue sold 3,609 shares of Piper Jaffray stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $53.62, for a total value of $193,514.58. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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