StoneX Group Inc. (SNEX) PT Raised to $73 at Jefferies

Jefferies analyst Daniel Fannon raised the price target on StoneX Group Inc. (NASDAQ: SNEX) to $73.00 (from $70.00) while maintaining a Buy rating.

The analyst commented, "NEX reported F1Q21 EPS of $0.98 (vs our $1.39 est). This quarter's result included several one-time items related to the GCAP integration, which reduced EPS by approx.$0.45, ex. these items the operating and EPS results were more in-line. Net revs of$256M exceeded our est by +$14M mostly due to strength of the Institutional segment. Exps were also high (+$22M vs our est.) mostly on Variable Comp with the net result being a -$8.7M GAAP op income miss."

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