JMP Group (NYSE:JMP) Upgraded by Zacks Investment Research to Buy

JMP Group (NYSE:JMP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a research report issued on Thursday, November 9th. The firm currently has a $6.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.29% from the stock’s current price.

According to Zacks, “JMP GROUP INC. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through two subsidiaries, JMP Securities and JMP Asset Management. The company focuses its resources on small and middle-market growth companies and the institutions that invest in them. They approach their work with the idea that expertise, intellectual capital and relationships can never be commoditized. “

Separately, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $6.00 price target on shares of JMP Group in a report on Friday, November 3rd.

JMP Group (NYSE:JMP) traded down $0.27 on Thursday, reaching $5.25. 221,646 shares of the company traded hands, compared to its average volume of 38,639. The company has a market cap of $118.60, a P/E ratio of 32.47, a PEG ratio of 1.10 and a beta of 0.92. JMP Group has a 52 week low of $5.20 and a 52 week high of $7.70. The company has a debt-to-equity ratio of 7.31, a quick ratio of 3.25 and a current ratio of 3.25.

JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. JMP Group had a negative net margin of 11.87% and a positive return on equity of 2.90%. The firm had revenue of $32.03 million during the quarter, compared to the consensus estimate of $29.90 million. equities analysts anticipate that JMP Group will post 0.5 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of JMP. Renaissance Technologies LLC raised its position in shares of JMP Group by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 57,060 shares of the financial services provider’s stock valued at $346,000 after buying an additional 685 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of JMP Group by 149.2% during the 3rd quarter. Essex Investment Management Co. LLC now owns 48,695 shares of the financial services provider’s stock valued at $274,000 after buying an additional 29,158 shares in the last quarter. Finally, Continental Advisors LLC raised its position in shares of JMP Group by 12.2% during the 3rd quarter. Continental Advisors LLC now owns 295,326 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 32,000 shares in the last quarter. Hedge funds and other institutional investors own 12.99% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-jmp-group-llc-jmp-to-buy/1770965.html.

About JMP Group

JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.

Get a free copy of the Zacks research report on JMP Group (JMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for JMP Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JMP Group LLC and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.