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.
奥本海默分析师克里斯·科托夫斯基重申了对杰富瑞金融集团公司（纽约证券交易所代码：JEF）的跑赢大盘评级，将目标股价上调了4美元，至43美元。
The analyst sees Jefferies as an under-followed and undervalued mid-cap financial services growth company.
这位分析师认为，杰富瑞是一家关注度低且被低估的中型金融服务成长型公司。
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.
这位分析师对该公司在过去20年中如何持续增加其投资银行和交易业务的份额而没有相应增加资产负债表和风险持非常乐观的态度。
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.
随着该公司继续通过剥离在2013年与Leucadia合并中收购的业务来简化业务组合，该分析师认为，它将实现收益，为股票回购提供资金，并从剩余的纯金融服务业务中获得更高的收益。
The analyst applauds the company's continued conservative balance sheet management with limited leverage and risk compared to larger peers.
这位分析师称赞该公司继续实行保守的资产负债表管理，与大型同行相比，杠杆率和风险有限。
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，科托夫斯基补充说，杰富瑞继续发展其投资银行和股票业务，市场份额和营业利润率持续逐步扩大。
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.
分析师指出，该公司最近的发展增强了杰富瑞为中上层市场提供银行服务的能力，而中上游市场是主要由赞助商支持的公司群体。他补充说，这样的行动对杰富瑞 “起到了推动作用”。
A rebound in M&A and underwriting activity can act as critical catalysts for the company.
并购和承保活动的反弹可以成为公司的关键催化剂。
For FY23, the analyst raised EPS estimate to $1.37 from $1.18.
该分析师将23财年的每股收益预期从1.18美元上调至1.37美元。
For FY24, the analyst increased the EPS estimate to $3.78 from $3.74.
该分析师将24财年的每股收益预期从3.74美元上调至3.78美元。
Price Action: JEF shares are trading higher by 0.51% to $36.60 on Wednesday.
价格走势：周三，杰夫股价上涨0.51％，至36.60美元。