Financials are back in favor on The Street. One of the top performers in that sector is Jefferies Financial stock. The New York bank engages in asset management and investment banking. On Thursday, the IBD SmartSelect Composite Rating for Jefferies Financial Group (JEF) rose to a lofty 96, of a best-possible 99.
The revised score means Jefferies Financial stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that’s a good item to have on your checklist when looking for the best stocks to buy and watch.
Jefferies Financial Stock Pops On Profit Growth
In Q1, the company posted 476% earnings growth, to $2.13 per share. Sales shot up 79% year over year to $2.49 billion, improving from 68% YoY growth the prior quarter. Jefferies’ next quarterly report is expected on or around June 29. Its stock has risen 167% from a May 15, 2020, low of 11.82 to a 31.54 close Thursday, up 2.7% for the day.
Jefferies Financial Group holds the No. 10 rank among its peers in the Finance-Investment Banking/Brokers industry group. Freedom Holding (FRHC), Futu Holdings (FUTU) and Cowen (COWN) are among the top 5 highly-rated stocks in the group.
The company has a 98 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 98% of all stocks.
Jefferies Financial stock’s Accumulation/Distribution Rating Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
Jefferies Financial Group stock is currently forming a consolidation, with a 34.96 entry. Look for the stock to break out in volume at least 40% above average.
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