Jupiter Fund Management (LON:JUP) Shares Up 12% - Still a Buy?

Key Points

• Jupiter Fund Management's shares surged by 12% during trading, reaching a high of GBX 144.14 ($1.96) and closing at GBX 140 ($1.91), with trading volume increasing by 158% compared to the average.
• Several analysts have issued ratings, with one recommending a Buy and three giving a Hold rating, setting the average target price at GBX 105.
• The company reported an EPS of GBX 4.20 for the last quarter, but faced challenges with a negative net margin of -2.34% and a negative return on equity of -1.13%.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price rose 12% during mid-day trading on Thursday . The company traded as high as GBX 144.14 ($1.94) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares changed hands during mid-day trading, an increase of 158% from the average daily volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.68).

Analysts Set New Price Targets

JUP has been the topic of a number of recent analyst reports. Peel Hunt reissued an "add" rating and issued a GBX 90 price objective on shares of Jupiter Fund Management in a research note on Friday, July 25th. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and boosted their target price for the company from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Jupiter Fund Management has an average rating of "Hold" and a consensus target price of GBX 105.

Jupiter Fund Management Trading Up 1.0%

The company has a market capitalization of £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The firm has a fifty day moving average price of GBX 126.41 and a 200-day moving average price of GBX 97.91.

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

About Jupiter Fund Management

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.