JMP Securities has issued a Market Outperform rating for Piper Sandler Companies (NYSE: PIPR), forecasting a 17.89% increase in the company's one-year price target to $163.71 from its last close of $138.87. The securities brokerage and investment banking firm is expected to witness a 25.08% surge in its annual revenue, reaching $1,585 million, according to data sourced from Fintel.
The firm's non-GAAP EPS is projected at $12.54, while the put/call ratio of 0.57 indicates a bullish market sentiment toward the company. Despite a drop in institutional owners to 527, the total shares owned by institutions have risen by 2.45% to 14,222K shares in the last quarter.
The major stakeholders in Piper Sandler include IJR - iShares Core S&P Small-Cap ETF, Westwood Holdings Group, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Stephens Investment Management Group, and NAESX - Vanguard Small-Cap Index Fund Investor Shares. The average portfolio weight of all funds dedicated to Piper Sandler stands at 0.15%.
InvestingPro Insights
InvestingPro's real-time data and expert insights offer further clarity on Piper Sandler Companies' financial outlook. The InvestingPro Data indicates a robust 12.3% Return on Equity (ROE) for Piper Sandler, a metric that highlights the firm's efficiency at generating profits from shareholders' equity. Additionally, the company's Debt-to-Equity ratio stands at a comfortable 0.33, suggesting a prudent approach to leveraging.
Two key InvestingPro Tips can provide additional guidance for prospective investors. Firstly, a high ROE often signifies a company's effective management and ability to generate substantial returns, which aligns with JMP Securities' Market Outperform rating for Piper Sandler. Secondly, a low Debt-to-Equity ratio is generally a positive sign, indicating the company's financial stability and lower risk profile.
For those seeking a deeper understanding of the market, InvestingPro offers an extensive list of over 100 additional tips and insights that can help in making informed investment decisions.
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