Piper Sandler Companies (NYSE:PIPR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Piper Sandler Companies (NYSE:PIPRGet Rating) have earned a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $185.00.

PIPR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Piper Sandler Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 13th. StockNews.com initiated coverage on Piper Sandler Companies in a research note on Thursday, March 31st. They issued a “buy” rating for the company. JMP Securities dropped their price target on Piper Sandler Companies from $194.00 to $182.00 and set a “market outperform” rating for the company in a research note on Thursday, April 7th. Finally, Northland Securities dropped their price target on Piper Sandler Companies from $185.00 to $175.00 in a research note on Friday, February 11th.

Shares of NYSE:PIPR opened at $114.98 on Friday. The stock has a 50 day moving average of $127.79 and a 200 day moving average of $153.72. The company has a market cap of $2.06 billion, a PE ratio of 7.04 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. Piper Sandler Companies has a 12-month low of $110.45 and a 12-month high of $193.60.

Piper Sandler Companies (NYSE:PIPRGet Rating) last announced its quarterly earnings data on Friday, April 29th. The company reported $3.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.80 by $0.32. The company had revenue of $361.79 million during the quarter, compared to the consensus estimate of $326.34 million. Piper Sandler Companies had a return on equity of 36.22% and a net margin of 13.68%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.13 EPS. Equities research analysts predict that Piper Sandler Companies will post 13.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Wednesday, March 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.09%. This is a boost from Piper Sandler Companies’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 1st. Piper Sandler Companies’s dividend payout ratio is 14.69%.

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC purchased a new stake in shares of Piper Sandler Companies during the 4th quarter worth approximately $47,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Piper Sandler Companies during the 3rd quarter worth approximately $97,000. Missouri Trust & Investment Co purchased a new stake in shares of Piper Sandler Companies during the 4th quarter worth approximately $109,000. USA Financial Portformulas Corp purchased a new stake in shares of Piper Sandler Companies during the 4th quarter worth approximately $119,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Piper Sandler Companies during the 3rd quarter worth approximately $204,000. 64.97% of the stock is currently owned by institutional investors and hedge funds.

Piper Sandler Companies Company Profile (Get Rating)

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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