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Jefferies
(NYSE:JEF)
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Rating:59Neutral
Price Target:
$47.00
â–¼(-10.39% Downside)
Action:Reiterated
Date:10/21/26
The score is driven primarily by improving (but still cyclical) financial performance—TTM margin and cash flow recovery offset by revenue softness and higher leverage. Technicals are a key drag with a weak downtrend and bearish momentum, while valuation (moderate P/E and solid dividend yield) and positive corporate updates on capital returns and efficiency provide meaningful support.
Positive Factors
Scaled global investment-banking platform
A scaled global platform can improve mandate competitiveness, client coverage and operating leverage across advisory, underwriting and trading. Jefferies’ breadth and geographic footprint support stronger institutional relationships and create a durable base for capturing capital-markets activity over the next several quarters.
Negative Factors
Cyclical and softened revenue profile
Jefferies remains exposed to transaction volumes, trading activity and broader capital-markets conditions, making revenue inherently cyclical. Recent top-line softness and wide earnings variation reduce visibility into normalized profitability and could limit the durability of current performance if activity weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Scaled global investment-banking platform
A scaled global platform can improve mandate competitiveness, client coverage and operating leverage across advisory, underwriting and trading. Jefferies’ breadth and geographic footprint support stronger institutional relationships and create a durable base for capturing capital-markets activity over the next several quarters.
Read all positive factors
Jefferies (JEF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.34B
Dividend Yield3.55%
Average Volume (3M)2.62M
Price to Earnings (P/E)11.6
Beta (1Y)1.74
Revenue Growth26.48%
EPS Growth29.87%
CountryUS
Employees7,371
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.89
Shares Outstanding189,090,560
10 Day Avg. Volume2,514,665
30 Day Avg. Volume2,619,232
Financial Highlights & Ratios
PEG Ratio-3.99
Price to Book (P/B)1.16
Price to Sales (P/S)1.13
P/FCF Ratio-7.18
Enterprise Value/Market Cap3.35
Enterprise Value/Revenue2.78
Enterprise Value/Gross Profit3.64
Enterprise Value/Ebitda14.76
Forecast
1Y Price Target
$56.80Price Target Upside8.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)3.65
Revenue Forecast (FY)$8.55B
Jefferies Business Overview & Revenue Model
Company Description
Jefferies Financial Group Inc. operates as a diversified global financial services firm, primarily focused on investment banking, capital markets, and asset management. Its extensive operations span the Americas, Europe, the Middle East, Africa, a...
How the Company Makes Money
Jefferies primarily earns revenue through its investment banking and capital markets activities. Key revenue streams include: (1) Investment banking fees: advisory fees from mergers and acquisitions and other strategic transactions, and underwriti...
Jefferies Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
52
Neutral
Cash Flow
57
Neutral
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.46B | 10.82B | 10.52B | 7.44B | 7.15B | 8.95B |
| Gross Profit | 9.53B | 6.46B | 6.22B | 4.51B | 3.77B | 4.62B |
| EBITDA | 2.35B | 1.07B | 4.68B | 3.21B | 2.42B | 3.33B |
| Net Income | 936.65M | 710.48M | 743.38M | 277.69M | 785.45M | 1.67B |
Balance Sheet | ||||||
| Total Assets | 81.30B | 76.01B | 64.36B | 57.91B | 51.06B | 56.11B |
| Cash, Cash Equivalents and Short-Term Investments | 16.88M | 14.04B | 12.15B | 8.53B | 9.70B | 10.76B |
| Total Debt | 39.75B | 23.76B | 20.36B | 16.09B | 13.72B | 11.42B |
| Total Liabilities | 70.55B | 65.37B | 54.13B | 48.10B | 40.76B | 45.38B |
| Stockholders Equity | 10.71B | 10.57B | 10.16B | 9.71B | 10.23B | 10.68B |
Cash Flow | ||||||
| Free Cash Flow | 4.20B | -1.71B | -459.84M | -1.93B | 1.58B | 1.42B |
| Operating Cash Flow | 4.41B | -1.50B | -209.25M | -1.93B | 1.80B | 1.58B |
| Investing Cash Flow | -446.75M | -298.81M | 210.31M | -12.20M | -60.54M | -409.87M |
| Financing Cash Flow | 1.56B | 3.59B | 3.35B | 1.06B | -2.84B | 994.29M |
Jefferies Technical Analysis
Negative
52.45
Price Trends
49.17
Negative
52.27
Negative
50.84
Negative
Market Momentum
-1.19
Negative
45.95
Neutral
79.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JEF, the sentiment is Negative. The current price of 52.45 is above the 20-day moving average (MA) of 45.24, above the 50-day MA of 49.17, and above the 200-day MA of 50.84, indicating a neutral trend. The MACD of -1.19 indicates Negative momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 79.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JEF.
Jefferies Risk Analysis
Jefferies disclosed 27 risk factors in its most recent earnings report. Jefferies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Jefferies Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.37B | 17.51 | 43.55% | 4.90% | 13.69% | 12.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $1.07B | 10.45 | 10.71% | 1.73% | 20.97% | 16.24% | |
66 Neutral | $9.70B | 13.13 | 39.83% | 1.37% | 45.68% | 59.92% | |
63 Neutral | $3.57B | 16.34 | 20.43% | 5.35% | 5.74% | -30.53% | |
59 Neutral | $10.34B | 11.58 | 8.81% | 3.55% | 26.48% | 29.87% | |
53 Neutral | $1.21B | 38.22 | -14.08% | 2.25% | -20.87% | -66.62% |
* Financial Sector Average
JEF
Jefferies
45.64
-7.65
-14.36%
EVR
Evercore Partners
255.39
-58.90
-18.74%
LAZ
Lazard
37.30
-9.83
-20.85%
OPY
Oppenheimer Holdings
102.06
34.75
51.62%
MC
Moelis
55.06
-11.22
-16.92%
PWP
Perella Weinberg Partners
12.76
-6.34
-33.18%
Jefferies Corporate Events
Business Operations and StrategyStock BuybackDividends
Jefferies Highlights Critical Mass and Capital Return Strategy
Positive
Oct 20, 2026
At its 2026 Investor Meeting held on October 19, 2026, Jefferies Financial Group outlined how it believes it has reached “critical mass” as a world‑class investment bank, citing a scale, scope and geographic footprint now rivaled...
Business Operations and StrategyFinancial Disclosures
Jefferies Showcases Strengthening Global Platform and Earnings Growth
Positive
Oct 19, 2026
On October 19, 2026, Jefferies posted an updated investor presentation ahead of its Investor Meeting, outlining how its broadened global platform is translating into stronger financial performance. The materials emphasize that human capital is lar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.