Jupiter Fund Management (LON:JUP) Stock Price Up 12% - Still a Buy?

Key Points

• Jupiter Fund Management's share price surged 12% on Thursday, closing at GBX 140 ($1.91) after trading as high as GBX 144.14 ($1.96), with trading volume increasing by 158% from its average daily volume.
• Recent analyst reports have resulted in varied price target adjustments, with recommendations ranging from a "hold" rating by Deutsche Bank and Canaccord Genuity to a target price increase to GBX 130 and GBX 120, respectively.
• The company reported an earnings per share (EPS) of GBX 4.20 for the last quarter, with analysts projecting an EPS of 8.51 for the current year, while also experiencing a negative net margin of -2.34%.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares were up 12% on Thursday . The company traded as high as GBX 144.14 ($1.94) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares were traded during 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 analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and raised their price target for the stock from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Peel Hunt reiterated an "add" rating and issued a GBX 90 price target on shares of Jupiter Fund Management in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 105.

Jupiter Fund Management Stock Performance

The stock has a market cap of £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The stock's 50 day simple moving average is GBX 126.41 and its two-hundred day simple moving average is GBX 98.20.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. As a group, research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS 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.