Piper Jaffray Companies (PJC) Receives Daily Coverage Optimism Score of 0.13
News articles about Piper Jaffray Companies (NYSE:PJC) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Piper Jaffray Companies earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.4501201295179 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Piper Jaffray Companies (PJC) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Piper Jaffray Companies’ Board Elects Chad Abraham As CEO – Quick Facts (nasdaq.com)
- ETFs with exposure to Piper Jaffray Cos. : December 5, 2017 (finance.yahoo.com)
- Piper Jaffray Companies: Piper Jaffray Appoints New CEO and President (twst.com)
- Chad Abraham The New Boss At Piper Jaffray (nasdaq.com)
Shares of Piper Jaffray Companies (NYSE:PJC) opened at $76.70 on Thursday. Piper Jaffray Companies has a 12-month low of $52.75 and a 12-month high of $81.85. 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 $1,158.87, a P/E ratio of 10.88 and a beta of 1.58.
Piper Jaffray Companies (NYSE:PJC) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate 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 during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a $0.3125 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. Piper Jaffray Companies’s dividend payout ratio is -26.54%.
Piper Jaffray Companies declared that its Board of Directors has approved a stock repurchase program on Thursday, August 10th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the financial services provider to purchase up to 17.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently weighed in on PJC shares. BidaskClub cut Piper Jaffray Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Desjardins cut Piper Jaffray Companies from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods started coverage on Piper Jaffray Companies in a research report on Monday, October 16th. They issued a “mkt perform” rating and a $64.00 price objective for the company. Finally, JMP Securities started coverage on Piper Jaffray Companies in a research report on Tuesday, November 7th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.79.
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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