Technical Outlook And Game Plan For Jefferies Financial Group Inc (NYSE: JEF)

Jefferies Financial Group Inc (JEF) concluded trading on Thursday at a closing price of $61.15, with 3.0 million shares of worth about $183.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.56% during that period and on September 26, 2024 the price saw a loss of about -1.32%. Currently the company’s common shares owned by public are about 210.63M shares, out of which, 152.52M shares are available for trading.

Stock saw a price change of -1.83% in past 5 days and over the past one month there was a price change of 4.35%. Year-to-date (YTD), JEF shares are showing a performance of 51.32% which increased to 68.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.38 but also hit the highest price of $62.98 during that period. The average intraday trading volume for Jefferies Financial Group Inc shares is 1.56 million. The stock is currently trading 3.30% above its 20-day simple moving average (SMA20), while that difference is up 6.51% for SMA50 and it goes to 30.14% higher than SMA200.

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Jefferies Financial Group Inc (NYSE: JEF) currently have 210.63M outstanding shares and institutions hold larger chunk of about 67.53% of that.

The stock has a current market capitalization of $12.57B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 26.06, while it has posted earnings per share of $2.35 in the same period. Its PEG reads 1.45 while making debt-to-equity ratio of 2.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JEF, volatility over the week remained 2.69% while standing at 2.57% over the month.

Stock’s fiscal year EPS is expected to rise by 168.56% while it is estimated to increase by 50.84% in next year. EPS is likely to grow at an annualized rate of 18.00% for next 5-years, compared to annual growth of -1.01% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on September 17, 2024 offering a Buy rating for the stock and assigned a target price of $67 to it. Coverage by Goldman stated Jefferies Financial Group Inc (JEF) stock as a Buy in their note to investors on August 22, 2023, suggesting a price target of $40 for the stock. On July 12, 2023, Morgan Stanley Upgrade their recommendations, while on April 12, 2023, Morgan Stanley Downgrade their ratings for the stock with a price target of $27. Stock get a Neutral rating from Goldman on January 11, 2023.

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