Oppenheimer analyst Chris Kotowski maintained a Buy rating on Jefferies (NYSE: JEF) today. The company’s shares opened today at $20.06, close to its 52-week low of $19.97.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 9.1% and a 57.7% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Fidus Investment Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jefferies with a $29 average price target.
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Based on Jefferies’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $78.91 million. In comparison, last year the company had a net profit of $100 million.
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Jefferies Financial Group, Inc. is a holding company. It engages in investment banking and capital markets; commercial mortgage banking, online foreign exchange trading services, real estate, vehicle finance, beef processing; manufacturing; exploration and development of oil and gas; automobile dealerships, insurance and consumer products, gold and silver mining project and asset management. The company operates through the following business segments: Jefferies, National Beef, and Corporate and Other. The Jefferies segment provide integrated securities and investment banking services. The National Beef segment processes and markets fresh boxed beef, case-ready beef, beef by-products and wet blue leather for domestic and international markets. The Corporate and Other segment includes other financial instruments. Jefferies Financial Group was founded in 1968 and is headquartered in New York, NY.
