Jupiter Fund Management (LON:JUP) Trading Up 12% - Time to 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) shot up 12% during mid-day 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 changed hands 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).

Analyst Ratings Changes

Several brokerages have recently issued reports on JUP. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and lifted their target price for the company from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Peel Hunt reiterated an "add" rating and issued a GBX 90 target price on shares of Jupiter Fund Management in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Stock Performance

The firm's 50 day moving average is GBX 126.41 and its two-hundred day moving average is GBX 98.06. The stock has a market capitalization of £720.76 million, a PE ratio of 1,309.26 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

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 net margin of 2.34% and a negative return on equity of 1.13%. As a group, research analysts predict 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.