Citizens JMP Starts Jefferson Capital (JCAP) at Market Outperform

Citizens JMP analyst David Scharf initiates coverage on Jefferson Capital (NASDAQ: JCAP) with a Market Outperform rating and a price target of $23.00.

The analyst comments: "We are initiating coverage of Jefferson Capital with a rating of Market Outperform and a $23 price target. Founded in 2002, Jefferson Capital (JCAP) has a multi-decade track record of successfully driving profitable collections on hard-to-collect portfolios, effectively “cracking the code” on collecting on low-balance accounts. The company has expanded past its core U.S. market and is now active in four geographies and covers six different product types. The company also has a track record of sustained profitability, having achieved positive net income every year since inception. We believe JCAP will continue to dominate in its small-balance segments and have a runway of potential new sellers to drive greater organic growth versus industry peers. Our $23 price target is based on ~9x our 2026 adjusted EPS estimate, which represents a potential total return of ~43%, including the $0.96 annual dividend."

For an analyst ratings summary and ratings history on Jefferson Capital click here. For more ratings news on Jefferson Capital click here.

Shares of Jefferson Capital closed at $16.70 yesterday.

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