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.
奧本海默分析師克裡斯·科託斯基重申了對傑富瑞金融集團。(紐約證券交易所代碼：JEF)，將目標價上調4美元，至43美元。
The analyst sees Jefferies as an under-followed and undervalued mid-cap financial services growth company.
這位分析師認為，傑富瑞是一家追隨者不足、估值偏低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.
這位分析師對該公司如何在過去20年裡一直在其投資銀行和交易業務中獲得份額而沒有相應地擴大其資產負債表和風險感到非常樂觀。
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.
隨著該公司繼續通過剝離2013年與Leucadia合併時收購的業務來簡化業務組合，這位分析師認為，它將實現收益，為股票回購提供資金，並從剩餘的純金融服務業務中賺取更高的本益比。
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繼續保守的資產負債表管理表示讚賞，與規模較大的同行相比，該公司的槓桿和風險有限。
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，科託斯基補充說，傑富瑞繼續增長其投資銀行和股票業務，市場份額和運營利潤率繼續逐步擴大。
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.
這位分析師指出，該公司最近的發展一直在增強傑富瑞為中高端市場提供銀行服務的能力，中端市場主要是由贊助商支持的公司。他補充說，這樣的行動在傑富瑞“起到了推動作用”。
A rebound in M&A and underwriting activity can act as critical catalysts for the company.
並購和承銷活動的反彈可以成為該公司的關鍵催化劑。
For FY23, the analyst raised EPS estimate to $1.37 from $1.18.
對於23財年，分析師將每股收益預期從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.
對於2014財年，分析師將每股收益預期從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.
價格行動：週三，Jef的股價上漲了0.51%，至36.60美元。