Why Jefferies Financial Group Is The Undervalued Mid-Cap Gem: Analyst Raises Price Target By 10%
Why Jefferies Financial Group Is The Undervalued Mid-Cap Gem: Analyst Raises Price Target By 10%
Oppenheimer analyst Chris Kotowski reiterated an Outperform rating on Jefferies Financial Group Inc. (NYSE:JEF), raising the price target by $4 to $43.
奧本海默 分析師克里斯·科托夫斯基重申了跑贏大盤的評級 傑富瑞金融集團公司 紐約證券交易所代碼：JEF），將目標股價上調了4美元，至43美元。
The analyst sees Jefferies as an under-followed and undervalued mid-cap financial services growth company.
這位分析師認爲，傑富瑞是一家被低估和被低估的中型金融服務成長型公司。
The analyst is remarkably upbeat about how the company has consistently gained a share in its investment banking and trading businesses over the last 20 years without commensurately growing its balance sheet and risk.
這位分析師非常樂觀地看待該公司在過去20年中如何持續增加其投資銀行和交易業務的份額，而資產負債表和風險卻沒有相應增加。
As the company continues to simplify its business mix by divesting businesses acquired in the 2013 merger with Leucadia, the analyst believes it will realize gains that will fund share buybacks and earn a higher multiple on the pure financial services businesses that remain.
隨着該公司繼續通過剝離2013年與Leucadia合併中收購的業務來簡化其業務組合，該分析師認爲，它將實現收益，爲股票回購提供資金，並在剩下的純金融服務業務中獲得更高的倍數。
The analyst applauds the company's continued conservative balance sheet management with limited leverage and risk compared to larger peers.
這位分析師對該公司持續保守的資產負債表管理表示讚賞，與大型同行相比，槓桿率和風險有限。
In addition, Jefferies continues to grow its investment banking and equities business, with continued gradual expansion of market share and operating margins, Kotowski adds.
此外，科托夫斯基補充說，傑富瑞集團繼續發展其投資銀行和股票業務，市場份額和營業利潤率持續逐步擴大。
The company's recent developments have been enhancing Jefferies' capabilities to bank the upper middle market, the predominantly sponsor-backed universe of companies, the analyst notes. He adds that such actions "move the needle" at Jefferies.
分析師指出，該公司最近的事態發展增強了傑富瑞在中上層市場進行銀行業務的能力，中上層市場是主要由贊助商支持的公司領域。他補充說，這樣的行爲在傑富瑞集團 “起到了推動作用”。
A rebound in M&A and underwriting activity can act as critical catalysts for the company.
併購和承保活動的反彈可以成爲公司的關鍵催化劑。
For FY23, the analyst raised EPS estimate to $1.37 from $1.18.
該分析師將23財年的每股收益預期從1.18美元上調至1.37美元。
For FY24, the analyst increased the EPS estimate to $3.78 from $3.74.
該分析師將24財年的每股收益預期從3.74美元上調至3.78美元。
Price Action: JEF shares are trading higher by 0.51% to $36.60 on Wednesday.
價格走勢： 週三，JEF股價上漲0.51％，至36.60美元。
譯文內容由第三人軟體翻譯。