In yesterday’s Wall Street session, Jefferies Financial Group Inc (NYSE:JEF) shares traded at $78.59, up 1.37% from the previous session.
JEF stock price is now 7.50% away from the 50-day moving average and 38.78% away from the 200-day moving average. The market capitalization of the company currently stands at $16.15B.
With the price target enhanced from $67 to $97, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Jefferies Financial Group Inc (NYSE: JEF). On September 17, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $67, while ‘Goldman’ rates the stock as ‘Buy’
In other news, FRIEDMAN BRIAN P, President sold 393,397 shares of the company’s stock on Nov 06 ’24. The stock was sold for $28,393,256 at an average price of $72.17. Upon completion of the transaction, the President now directly owns 560,507 shares in the company, valued at $44.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, CEO HANDLER RICHARD B sold 400,000 shares of the business’s stock. A total of $28,902,360 was realized by selling the stock at an average price of $72.26. This leaves the insider owning 14,971,288 shares of the company worth $1.18 billion. A total of 25.11% of the company’s stock is owned by insiders.
During the past 12 months, Jefferies Financial Group Inc has had a low of $38.77 and a high of $82.04. According to the stock market information, the enterprise value for the company is -$4366258176, which is based on a 33.63 price-to-earnings ratio, a 1.87 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for JEF is $72.8318 and a two-hundred day moving average price translates $56.4527 for the stock.
The latest earnings results from Jefferies Financial Group Inc (NYSE: JEF) was released for 2024-08-31. The net profit margin was 5.47% and return on equity was 5.56% for JEF. The company reported revenue of $1.68 billion for the quarter, compared to $1.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.42 percent.
