Piper Jaffray Companies (PJC) Given Consensus Rating of “Hold” by Brokerages

Piper Jaffray Companies (NYSE:PJC) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $32.75.

A number of equities research analysts have recently weighed in on PJC shares. Desjardins raised Piper Jaffray Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. JMP Securities initiated coverage on Piper Jaffray Companies in a research note on Tuesday, November 7th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods raised Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cutler Group LP grew its stake in Piper Jaffray Companies by 505.0% during the 4th quarter. Cutler Group LP now owns 1,215 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,515 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Piper Jaffray Companies by 365.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,823 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 1,431 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Piper Jaffray Companies by 93.0% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,090 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,007 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Piper Jaffray Companies by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 10 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Piper Jaffray Companies during the 3rd quarter worth $192,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Piper Jaffray Companies (NYSE PJC) traded up $0.70 during midday trading on Friday, hitting $92.30. The stock had a trading volume of 100,023 shares, compared to its average volume of 87,334. Piper Jaffray Companies has a twelve month low of $52.75 and a twelve month high of $93.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 0.15. The firm has a market capitalization of $1,390.00, a PE ratio of -22.08 and a beta of 1.58.

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About Piper Jaffray Companies

Piper Jaffray Companies is an investment bank and asset management company. The Company’s segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

Analyst Recommendations for Piper Jaffray Companies (NYSE:PJC)

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