Jefferies Analysts Downgrade Jefferies Group, Inc. (JEF) Shares to "Neutral"
Wednesday, August 31, 2021 9:35 AM

Equities research analysts at Jefferies downgraded shares of Jefferies Group, Inc. (NYSE: JEF) from a "buy" rating to a "neutral" rating in a research note to investors on Wednesday.

Separately, analysts at Ticonderoga cut their price target on shares of Jefferies Group, Inc. from $26.00 to $23.00 in a research note to investors on Wednesday, August 10th. They now have a "buy" rating on the stock. Also, analysts at Zacks Investment Research downgraded shares of Jefferies Group, Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Tuesday, July 5th.

Shares of Jefferies Group, Inc. opened at 16.31 on Thursday. Jefferies Group, Inc. has a 52 week low of $14.33 and a 52 week high of $27.12. The stock's 50-day moving average is $17.72 and its 200-day moving average is $21.66. The company has a market cap of $3.633 billion and a price-to-earnings ratio of 11.58.

Jefferies Group, Inc. last announced its quarterly results on Tuesday, June 21st. The company reported $0.39 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.40 EPS by $0.01. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Jefferies Group, Inc. will post $0.42 EPS next quarter.

Jefferies Group, Inc. and its subsidiaries operate as global securities and investment banking firm serving companies and their investors. The Company provides investors fundamental research and trade execution in equity, equity-linked and fixed income securities, including investment grade corporate bonds, high yield and distressed securities, government and agency securities, mortgage- and asset-backed securities, municipal securities, bank loans, leveraged loans, and emerging markets debt, as well as derivatives and engage in securities financing and commodities derivative trading activities. It offer capital markets, merger and acquisition, restructuring and other financial advisory services. The Company operates in two business segments: Capital Markets and Asset Management. On March 27, 2009, the Company completed the acquisition of the membership interests of Depfa First Albany Securities LLC (Depfa).

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