Jupiter Fund Management (LON:JUP) Trading 12% Higher - Still a Buy?

Key Points

• Jupiter Fund Management's stock surged 12% during mid-day trading, rising from a previous close of GBX 125 to as high as GBX 144.14, with a significant increase in trading volume.
• A number of analysts have adjusted their target prices and ratings for Jupiter Fund Management, with Deutsche Bank increasing its target to GBX 130 while maintaining a "hold" rating.
• The company reported a negative return on equity of 1.13% and a negative net margin of 2.34% during its latest quarterly earnings results.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares shot up 12% 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 traded hands during 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).

Analysts Set New Price Targets

Several research firms have recently weighed in on JUP. Peel Hunt reiterated an "add" rating and set a GBX 90 price objective on shares of Jupiter Fund Management in a research report on Friday, July 25th. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and increased their price objective for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft increased 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 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's stock. Based on data from MarketBeat.com, Jupiter Fund Management presently has a consensus rating of "Hold" and an average target price of GBX 105.

Jupiter Fund Management Price Performance

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

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings data 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, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal 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.