Jefferies (JEF)
NYSE:JEF
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Jefferies
(NYSE:JEF)
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Rating:49Neutral
Price Target:
$42.00
â–¼(-3.96% Downside)
Action:ReiteratedDate:04/08/26
The score is held down primarily by financial statement quality (high leverage and persistently negative operating/free cash flow) and weak technical positioning (below key moving averages with negative MACD). Offsetting factors include a comparatively reasonable valuation with a ~3.8% dividend yield and generally constructive corporate actions, though legal/exposure headlines add risk.
Positive Factors
Diversified business model
Jefferies operates across advisory, underwriting, sales & trading, prime brokerage and investment holdings, providing multiple fee and interest income streams. This structural diversification reduces reliance on any single market segment and supports more stable revenue capture across capital markets cycles.
Negative Factors
Elevated leverage
A materially higher debt load and a sharp TTM rise in debt-to-equity reduces financial flexibility, raises funding and regulatory costs, and increases vulnerability to market stress. Elevated leverage constrains capital allocation choices and heightens refinancing and covenant risk across the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Jefferies operates across advisory, underwriting, sales & trading, prime brokerage and investment holdings, providing multiple fee and interest income streams. This structural diversification reduces reliance on any single market segment and supports more stable revenue capture across capital markets cycles.
Read all positive factors
Jefferies (JEF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.94B
Dividend Yield2.52%
Average Volume (3M)3.57M
Price to Earnings (P/E)13.6
Beta (1Y)1.61
Revenue Growth-5.41%
EPS Growth25.28%
CountryUS
Employees7,701
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.70
Shares Outstanding204,432,310
10 Day Avg. Volume2,868,842
30 Day Avg. Volume3,574,174
Financial Highlights & Ratios
PEG Ratio-3.54
Price to Book (P/B)1.16
Price to Sales (P/S)1.13
P/FCF Ratio-7.18
Enterprise Value/Market Cap3.29
Enterprise Value/Revenue2.62
Enterprise Value/Gross Profit4.45
Enterprise Value/Ebitda24.91
Forecast
1Y Price Target
$54.20Price Target Upside23.94% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)3.5
Revenue Forecast (FY)$8.26B
Jefferies Business Overview & Revenue Model
Company Description
Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset...
How the Company Makes Money
JEF generates the majority of its revenue and earnings through Jefferies’ investment banking and markets activities, supplemented by returns from other investments and business interests.
1) Investment banking fees (advisory): Jefferies earns adv...
Jefferies Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.22B | 10.82B | 10.52B | 7.44B | 7.15B | 8.95B |
| Gross Profit | 6.60B | 6.46B | 6.22B | 4.51B | 3.77B | 4.62B |
| EBITDA | 1.18B | 1.06B | 4.68B | 3.21B | 2.42B | 3.34B |
| Net Income | 710.13M | 710.48M | 743.38M | 277.69M | 785.45M | 1.67B |
Balance Sheet | ||||||
| Total Assets | 74.38B | 76.01B | 64.36B | 57.91B | 51.06B | 56.11B |
| Cash, Cash Equivalents and Short-Term Investments | 11.96B | 14.04B | 12.15B | 8.53B | 9.70B | 10.76B |
| Total Debt | 32.31B | 23.76B | 20.36B | 16.09B | 13.72B | 11.42B |
| Total Liabilities | 63.72B | 65.37B | 54.13B | 48.10B | 40.76B | 45.38B |
| Stockholders Equity | 10.61B | 10.57B | 10.16B | 9.71B | 10.23B | 10.68B |
Cash Flow | ||||||
| Free Cash Flow | -729.53M | -1.71B | -459.84M | -1.93B | 1.58B | 1.42B |
| Operating Cash Flow | -571.64M | -1.50B | -209.25M | -1.93B | 1.80B | 1.58B |
| Investing Cash Flow | -370.30M | -298.81M | 210.31M | -12.20M | -60.54M | -409.87M |
| Financing Cash Flow | 2.19B | 3.59B | 3.35B | 1.06B | -2.84B | 994.29M |
Jefferies Technical Analysis
Negative
43.73
Price Trends
47.23
Negative
53.59
Negative
55.75
Negative
Market Momentum
-1.00
Negative
55.83
Neutral
83.83
Negative
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 43.73 is above the 20-day moving average (MA) of 39.59, below the 50-day MA of 47.23, and below the 200-day MA of 55.75, indicating a neutral trend. The MACD of -1.00 indicates Negative momentum. The RSI at 55.83 is Neutral, neither overbought nor oversold. The STOCH value of 83.83 is Negative, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $5.58B | 20.12 | 22.08% | 1.63% | 12.77% | 36.43% | |
71 Outperform | $4.91B | 22.13 | 44.30% | 3.69% | 51.19% | 456.59% | |
70 Outperform | $12.91B | 25.51 | 33.81% | 0.95% | 27.00% | 63.47% | |
70 Outperform | $11.91B | 12.55 | 11.96% | 1.43% | 7.54% | 2.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $10.32B | 24.90 | 20.14% | 1.33% | 20.99% | 25.02% | |
49 Neutral | $8.94B | 13.64 | 9.47% | 2.52% | -5.41% | 25.28% |
* Financial Sector Average
JEF
Jefferies
43.73
-2.12
-4.63%
EVR
Evercore Partners
326.02
138.63
73.98%
PIPR
Piper Sandler
81.56
23.00
39.28%
SF
Stifel Financial
76.92
20.35
35.96%
MC
Moelis
61.49
9.39
18.03%
HLI
Houlihan Lokey
147.84
-5.91
-3.84%
Jefferies Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Jefferies Shareholders Approve Directors, Pay and Capital Changes
Positive
Apr 1, 2026
At Jefferies’ recent annual meeting, shareholders voted to re-elect all nominated directors to the board, with each candidate receiving strong majority support despite varying levels of opposition and abstentions. Investors also backed, on a...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Jefferies Disputes Western Alliance Lawsuit, Affirms Financial Strength
Negative
Mar 9, 2026
Jefferies Financial Group on March 9, 2026, publicly disputed Western Alliance Bank’s characterization of loans tied to First Brands receivables, asserting that Western Alliance’s credit exposure was solely to special purpose entities ...
Business Operations and StrategyExecutive/Board Changes
Jefferies Adds SMBC Executive to Board, Deepening Alliance
Positive
Feb 11, 2026
On February 11, 2026, Jefferies Financial Group Inc. and Japan’s SMBC Group said SMBC executive Yoshihiro Hyakutome has been nominated to join Jefferies’ board, succeeding SMBC Group CEO Toru Nakashima, who has served as a director sin...
Business Operations and StrategyPrivate Placements and Financing
Jefferies Issues $1.5 Billion Senior Notes for Flexibility
Positive
Jan 16, 2026
On January 13, 2026, Jefferies Financial Group Inc. entered into a purchase agreement with a syndicate of underwriters led by Jefferies LLC and SMBC Nikko Securities America to issue and sell $1.5 billion aggregate principal amount of 5.500% senio...
Business Operations and StrategyPrivate Placements and Financing
Jefferies Prices $1.5 Billion Senior Notes Offering
Positive
Jan 14, 2026
On January 13, 2026, Jefferies Financial Group Inc. announced it had priced a public offering of $1.5 billion aggregate principal amount of 5.500% Senior Notes due February 15, 2036, with an effective yield of 5.605%, with settlement expected on J...
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.