Jupiter Fund Management (LON:JUP) Trading Up 12% - Should You Buy?

Key Points

• Jupiter Fund Management's stock price surged by 12%, reaching a last traded price of GBX 140 ($1.90), significantly above its previous close of GBX 125 ($1.69).
• Brokerages have varying ratings on the stock; Deutsche Bank and Canaccord Genuity have placed a "hold" rating, while one analyst has rated it a "buy".
• The company's market capitalization stands at £713.62 million, and it recently reported earnings of GBX 4.20 per share with negative net margins.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price traded up 12% during trading on Thursday . The stock traded as high as GBX 144.14 ($1.94) and last traded at GBX 140 ($1.89). 5,486,280 shares were traded during mid-day 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 Analysts Forecast Growth

Several brokerages have weighed in on JUP. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and boosted their price objective for the stock from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Peel Hunt restated an "add" rating and issued a GBX 90 target price on shares of Jupiter Fund Management in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Price Performance

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 fifty day moving average of GBX 126.41 and a two-hundred day moving average of GBX 98.20. The stock has a market cap of £715.66 million, a price-to-earnings ratio of 1,300.00 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last issued 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%. 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.