JGWPT Holdings Coverage Initiated at Jefferies Group (JGW)
Investment analysts at Jefferies Group started coverage on shares of JGWPT Holdings (NYSE:JGW) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of JGWPT Holdings in a research note on Monday, August 18th. They now have a $16.00 price target on the stock, up previously from $14.00. Separately, 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, August 15th. They now have an “outperform” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. JGWPT Holdings presently has a consensus rating of “Buy” and a consensus price target of $14.40.
Shares of JGWPT Holdings (NYSE:JGW) traded down 2.26% during mid-day trading on Thursday, hitting $12.98. 66,227 shares of the company’s stock traded hands. JGWPT Holdings has a 52-week low of $9.43 and a 52-week high of $19.88. The stock’s 50-day moving average is $11.99 and its 200-day moving average is $13.45. The company’s market cap is $166.1 million.
JGWPT Holdings (NYSE:JGW) last released its earnings data on Thursday, August 14th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that JGWPT Holdings will post $1.67 EPS for the current fiscal year.
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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