Jianpu Technology (JT) Receives Average Recommendation of “Hold” from Brokerages

Jianpu Technology (NYSE:JT) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price objective of $8.50 for the company and are predicting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Jianpu Technology an industry rank of 175 out of 265 based on the ratings given to its competitors.

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Several research analysts have recently issued reports on the stock. JPMorgan Chase assumed coverage on shares of Jianpu Technology in a report on Wednesday, December 20th. They issued a “neutral” rating and a $8.00 target price for the company. Zacks Investment Research cut shares of Jianpu Technology from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Goldman Sachs assumed coverage on shares of Jianpu Technology in a report on Wednesday, December 13th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Jianpu Technology in a report on Thursday, December 14th. They issued an “equal weight” rating and a $8.50 target price for the company.

NYSE JT opened at $5.21 on Friday. Jianpu Technology has a 52 week low of $4.75 and a 52 week high of $9.49.

Jianpu Technology (NYSE:JT) last issued its earnings results on Monday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.13). The firm had revenue of $89.86 million for the quarter. equities research analysts forecast that Jianpu Technology will post -0.06 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of JT. Raymond James & Associates acquired a new stake in Jianpu Technology during the 4th quarter worth $145,000. Citadel Advisors LLC acquired a new stake in Jianpu Technology during the 4th quarter worth $828,000. TIAA CREF Investment Management LLC acquired a new stake in Jianpu Technology during the 4th quarter worth $2,430,000. Millennium Management LLC acquired a new stake in Jianpu Technology during the 4th quarter worth $2,722,000. Finally, Yiheng Capital LLC acquired a new stake in Jianpu Technology during the 4th quarter worth $4,524,000. Hedge funds and other institutional investors own 12.53% of the company’s stock.

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About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access consumer and other loans, credit cards, and wealth management products related information. The company recommends loans and credit cards to individual users and assists the financial service providers in targeting users with specific characteristics based on the users' financial needs and credit profile, as well as the products offerings and risk appetite of the financial service providers.

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