J2 Global (NASDAQ:JCOM) had its target price upped by investment analysts at Susquehanna Bancshares from $115.00 to $130.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “positive” rating on the technology company’s stock. Susquehanna Bancshares’ price objective suggests a potential upside of 33.07% from the stock’s previous close.

A number of other analysts have also issued reports on JCOM. Sidoti set a $118.00 target price on J2 Global and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson raised their target price on J2 Global from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. BidaskClub lowered J2 Global from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Wedbush reaffirmed a “buy” rating and issued a $110.00 target price on shares of J2 Global in a report on Tuesday. Finally, Piper Jaffray Companies began coverage on J2 Global in a report on Wednesday, November 27th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. J2 Global has a consensus rating of “Buy” and a consensus target price of $112.88.

Shares of NASDAQ JCOM opened at $97.69 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 1.76 and a beta of 0.75. The business’s 50-day simple moving average is $98.12 and its 200-day simple moving average is $92.93. J2 Global has a 52 week low of $79.33 and a 52 week high of $104.57.

J2 Global (NASDAQ:JCOM) last released its earnings results on Monday, February 10th. The technology company reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.12. The firm had revenue of $405.59 million for the quarter, compared to analyst estimates of $393.09 million. J2 Global had a return on equity of 30.21% and a net margin of 15.95%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. As a group, equities research analysts forecast that J2 Global will post 7.12 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Michigan Retirement System grew its holdings in shares of J2 Global by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 13,600 shares of the technology company’s stock worth $1,274,000 after purchasing an additional 100 shares in the last quarter. Cardinal Capital Management grew its holdings in shares of J2 Global by 1.2% during the 3rd quarter. Cardinal Capital Management now owns 9,561 shares of the technology company’s stock worth $868,000 after purchasing an additional 109 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of J2 Global by 78.9% during the 3rd quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of J2 Global by 29.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 901 shares of the technology company’s stock worth $82,000 after purchasing an additional 206 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of J2 Global by 263.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock worth $32,000 after purchasing an additional 263 shares in the last quarter.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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