Jupiter Fund Management (LON:JUP) Trading 12% Higher - Still a Buy?

Key Points

• Jupiter Fund Management's share price increased by 12% to GBX 140 ($1.90), significantly above its previous closing price of GBX 125 ($1.69) during recent trading.
• A number of analysts have upgraded their target prices for the stock, with Canaccord Genuity raising it from GBX 60 to GBX 120 and Deutsche Bank increasing theirs from GBX 110 to GBX 130, both maintaining a "hold" rating.
• The company has a market capitalization of £710.56 million, with analysts anticipating earnings per share of approximately 8.51 for the current fiscal year.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and boosted their target price for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a "hold" rating in a 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 report on Friday, July 25th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Jupiter Fund Management currently has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Stock Performance

The company has a market cap of £718.21 million, a P/E ratio of 1,304.63 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The stock has a 50 day moving average price of GBX 126.41 and a two-hundred day moving average price of GBX 98.20.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its 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%. On average, research analysts predict that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal 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.