JXN (Jackson Financial Inc.) stock is in for a key growth catalyst

In the latest session, Jackson Financial Inc. (NYSE: JXN) closed at $40.72 up 5.38% from its previous closing price of $38.64. In other words, the price has increased by $+2.08 from its previous closing price. On the day, 961971 shares were traded. JXN stock price reached its highest trading level at $40.75 during the session, while it also had its lowest trading level at $38.58.

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For a deeper understanding of Jackson Financial Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.65. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on January 26, 2022, initiated with a Buy rating and assigned the stock a target price of $52.

On December 07, 2021, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $38.

On December 03, 2021, Goldman started tracking the stock assigning a Neutral rating and target price of $40.Goldman initiated its Neutral rating on December 03, 2021, with a $40 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 30 when Cummings Don W sold 2,660 shares for $35.29 per share. The transaction valued at 93,871 led to the insider holds 25,626 shares of the business.

Noles Russell G bought 150 shares of JXN for $5,014 on Aug 17. The Director now owns 18,608 shares after completing the transaction at $33.43 per share. On Aug 03, another insider, PRUDENTIAL PLC, who serves as the 10% Owner of the company, sold 4,500,000 shares for $27.00 each. As a result, the insider received 121,500,000 and left with 7,635,443 shares of the company.

Valuation Measures:

As of this moment, Jackson’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.52, and their Forward P/E ratio for the next fiscal year is 2.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.39.

Stock Price History:

Over the past 52 weeks, JXN has reached a high of $46.83, while it has fallen to a 52-week low of $23.56. The 50-Day Moving Average of the stock is 36.05, while the 200-Day Moving Average is calculated to be 33.65.

Shares Statistics:

For the past three months, JXN has traded an average of 983.98K shares per day and 1.58M over the past ten days. A total of 85.10M shares are outstanding, with a floating share count of 72.96M. Insiders hold about 10.90% of the company’s shares, while institutions hold 92.60% stake in the company. Shares short for JXN as of Oct 13, 2022 were 6.12M with a Short Ratio of 3.58M, compared to 6.31M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.22% and a Short% of Float of 9.24%.

Earnings Estimates

There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.9 for the current quarter, with a high estimate of $3.65 and a low estimate of $2.24, while EPS last year was $5.16. The consensus estimate for the next quarter is $4.05, with high estimates of $4.2 and low estimates of $3.89.

Analysts are recommending an EPS of between $13.99 and $12.65 for the fiscal current year, implying an average EPS of $13.35. EPS for the following year is $16.39, with 5 analysts recommending between $17 and $15.75.

Revenue Estimates

A total of 2 analysts believe the company’s revenue will be $1.43B this quarter.It ranges from a high estimate of $1.46B to a low estimate of $1.41B. As of the current estimate, Jackson Financial Inc.’s year-ago sales were $1.46B, an estimated decrease of -1.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.52B, a decrease of -6.30% less than the figure of -$1.80% in the same quarter last year. There is a high estimate of $1.56B for the next quarter, whereas the lowest estimate is $1.48B.

A total of 3 analysts have provided revenue estimates for JXN’s current fiscal year. The highest revenue estimate was $6.27B, while the lowest revenue estimate was $6.15B, resulting in an average revenue estimate of $6.2B. In the same quarter a year ago, actual revenue was $8.85B, down -30.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $6.07B in the next fiscal year. The high estimate is $6.32B and the low estimate is $5.9B. The average revenue growth estimate for next year is down -2.00% from the average revenue estimate for this year.