Piper Jaffray Companies (PJC) Given News Impact Score of 0.21
Media stories about Piper Jaffray Companies (NYSE:PJC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Piper Jaffray Companies earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 44.9631257491505 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Piper Jaffray to Host 29th Annual Healthcare Conference (markets.financialcontent.com)
- Aquinox to Participate in 29th Annual Piper Jaffray Healthcare Conference (markets.financialcontent.com)
- Novan to Present at Piper Jaffray 29th Annual Healthcare Conference (feeds.benzinga.com)
- Otonomy to Present at Piper Jaffray Healthcare Conference (markets.financialcontent.com)
- Capricor Therapeutics to Present at the Piper Jaffray Healthcare Conference (prnewswire.com)
Several brokerages have commented on PJC. BidaskClub downgraded Piper Jaffray Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods raised Piper Jaffray Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. JMP Securities began coverage on Piper Jaffray Companies in a research report on Tuesday, November 7th. They issued a “market perform” rating on the stock. Finally, Desjardins downgraded Piper Jaffray Companies from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.79.
Shares of Piper Jaffray Companies (NYSE PJC) traded down $0.15 during mid-day trading on Wednesday, reaching $76.80. The company had a trading volume of 62,431 shares, compared to its average volume of 101,413. Piper Jaffray Companies has a 12 month low of $52.75 and a 12 month high of $81.85. The company has a market capitalization of $1,150.56, a P/E ratio of 10.80 and a beta of 1.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.48.
Piper Jaffray Companies (NYSE:PJC) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $1.07. Piper Jaffray Companies had a positive return on equity of 11.11% and a negative net margin of 6.30%. The company had revenue of $240.57 million for the quarter.
Piper Jaffray Companies announced that its board has approved a share repurchase plan on Thursday, August 10th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 17.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, November 28th. Piper Jaffray Companies’s dividend payout ratio (DPR) is presently -26.54%.
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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.
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