Jupiter Fund Management (LON:JUP) Stock Price Up 12% - What's Next?

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%.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) rose 12% during mid-day trading on Thursday . The company traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares changed hands during trading, an increase of 158% from the average daily volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.69).

Analyst Upgrades and Downgrades

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

Jupiter Fund Management Stock Performance

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 has a market cap of £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42. The firm has a fifty day moving average of GBX 126.75 and a 200 day moving average of GBX 98.65.

Jupiter Fund Management (LON:JUP - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS 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.