Jupiter Fund Management (LON:JUP) Shares Up 12% - Time to Buy?

Key Points

• Jupiter Fund Management's stock surged 12% during mid-day trading, reaching a peak of GBX 144.14 ($1.95), significantly increasing trading volume by 158% compared to its average.
• Brokerages have upgraded the company's rating, with Canaccord Genuity lifting its price target from GBX 60 to GBX 120, and several others issuing hold ratings with targets between GBX 90 and GBX 130.
• Jupiter Fund Management reported an EPS of GBX 4.20 for the quarter, alongside a negative net margin of 2.34% and an estimated earnings per share forecast of 8.51 for the current year.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JUP. 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 research note on Friday, July 25th. Peel Hunt restated an "add" rating and issued a GBX 90 price objective on shares of Jupiter Fund Management in a report on Friday, July 25th. Finally, Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and raised their price objective for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Jupiter Fund Management currently has an average rating of "Hold" and a consensus price target of GBX 105.

Jupiter Fund Management Stock Up 1.0%

The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The firm has a 50 day simple moving average of GBX 126.41 and a two-hundred day simple moving average of GBX 98.06. The stock has a market cap of £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42.

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

Jupiter Fund Management Company Profile

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.