Jupiter Fund Management (LON:JUP) Trading Up 0.8% - Here's Why

Key Points

• Jupiter Fund Management's stock rose by 0.8% to GBX 125 ($1.70) with significant trading volume, increasing 1,617% from its average session.
• Analysts have mixed ratings on the stock, with one "Buy" and three "Hold" ratings; the average price target is set at GBX 105.
• Despite a recent earnings report showing a negative return on equity of 1.13%, analysts project earnings per share of 8.51 for the current year.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares shot up 0.8% on Thursday . The company traded as high as GBX 125.20 ($1.69) and last traded at GBX 125 ($1.69). 39,978,738 shares changed hands during mid-day trading, an increase of 1,617% from the average session volume of 2,328,814 shares. The stock had previously closed at GBX 124 ($1.68).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JUP. Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and lifted their price objective for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a "hold" rating in a research note on Friday, July 25th. Finally, Peel Hunt reissued an "add" rating and set 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Stock Down 0.3%

The firm has a market cap of £718.72 million, a PE ratio of 1,305.56 and a beta of 1.42. The business's 50 day moving average price is GBX 126.75 and its 200 day moving average price is GBX 98.65. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79.

Jupiter Fund Management (LON:JUP - Get Free Report) last posted 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 net margin of 2.34% and a negative return on equity of 1.13%. On average, equities research analysts expect 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.