Jupiter Fund Management (LON:JUP) Trading Up 12% - What's Next?

Key Points

• Jupiter Fund Management's shares surged by 12% on Thursday, reaching GBX 144.14 ($1.95) before settling at GBX 140 ($1.90), after trading volume increased by 158%.
• Analysts have given Jupiter Fund Management a mixed outlook, with one "Buy" rating and three "Hold" ratings, and current price targets ranging from GBX 90 to GBX 130.
• The company reported a negative net margin of 2.34% and is expected to post 8.51 earnings per share for the current fiscal year, indicating challenges in profitability.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price was up 12% during mid-day trading on Thursday . The stock traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares traded hands during trading, an increase of 158% from the average daily volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.69).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and lifted their target price for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research report on Friday, July 25th. Finally, Peel Hunt reissued an "add" rating and set a GBX 90 price target on shares of Jupiter Fund Management in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Trading Down 0.3%

The firm has a market capitalization of £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42. The business's fifty day moving average is GBX 126.75 and its 200 day moving average is GBX 98.65. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 earnings per share for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. Equities analysts predict that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

Jupiter Fund Management Company Profile

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.