Jefferies Group Weighs in on Ashmore Group’s FY2018 Earnings (AJMPF)
Ashmore Group (OTCMKTS:AJMPF) – Equities research analysts at Jefferies Group reduced their FY2018 earnings estimates for Ashmore Group in a research note issued on Monday. Jefferies Group analyst P. Dobbin now expects that the financial services provider will earn $0.24 per share for the year, down from their previous estimate of $0.26. Jefferies Group also issued estimates for Ashmore Group’s FY2019 earnings at $0.27 EPS and FY2020 earnings at $0.30 EPS.
AJMPF has been the subject of several other research reports. Numis Securities downgraded Ashmore Group from a “hold” rating to a “reduce” rating in a report on Monday, September 25th. JPMorgan Chase & Co. upgraded Ashmore Group from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research upgraded Ashmore Group from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.00.
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Ashmore Group Company Profile
Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe.
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