In a report released today, Christopher Howe from Barrington reiterated a Buy rating on JMP Group (NYSE: JMP), with a price target of $8. The company’s shares closed yesterday at $5.06, close to its 52-week low of $4.92.
Howe noted:
“We recently held investor meetings in Jolson (CEO) of JMP Group LLC, visiting primarily with new potential institutional investors. Our key takeaways are below.”
According to TipRanks.com, Howe is a 1-star analyst with an average return of -9.4% and a 26.7% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JMP Group with a $8 average price target.
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Based on JMP Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.99 million. In comparison, last year the company had a GAAP net loss of $1.24 million.
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JMP Group LLC provides investment banking, sales and trading, and equity research services to corporate and institutional clients, and alternative asset management products and services to institutional investors and high net-worth individuals. It operates through three segments: Broker-Dealer, Asset Management and Corporate.
