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

Key Points

• Jupiter Fund Management's stock price increased by 12% on Friday, trading as high as GBX 144.14 and closing at GBX 140.
• Analysts have mixed opinions on the stock, with one Buy rating and three Hold ratings, and a consensus target price of GBX 105.
• The company reported earnings per share of GBX 4.20 for the last quarter, but has a negative net margin of 2.34% and a negative return on equity of 1.13%.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) was up 12% on Friday . The stock traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares were traded 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 ($1.69).

Wall Street Analyst Weigh In

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

Jupiter Fund Management Trading Down 0.3%

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 market cap of £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42. The company has a 50 day moving average price of GBX 126.75 and a 200 day moving average price of GBX 98.65.

Jupiter Fund Management (LON:JUP - Get Free Report) last posted its quarterly earnings data 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%. On average, 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.