Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Oct 2019 to Oct 2024
Piper Jaffray Equity Research Analysts Rank Fourth in 2005 Wall
Street Journal Best on the Street Survey
MINNEAPOLIS, May 17 /PRNewswire-FirstCall/ -- Piper Jaffray commends its
analysts ranked for their stock picking prowess in the Wall Street Journal's
annual Best on the Street Analyst Survey. The firm ranked fourth overall among
the 73 firms highlighted in the survey. The firms recognized in this year's
survey were ranked according to the total number of Best on the Street awards
their analysts earned. According to the Wall Street Journal, 213 analysts were
ranked this year, though award-winning analysts were selected from a universe
of more than 4,000 analysts at more than 270 firms. Of that group, 1,608
analysts met the survey's eligibility tests and qualified to have their
research analyzed in detail.
Piper Jaffray Senior Research Analyst Peter Swanson ranked No. 1 in the
Business & Industrial Services sector. Swanson was selected for his stock
picks of Alliance Data Systems Corp. and Intercept Inc. Swanson was also named
to this year's Forbes.com/StarMine rankings for top equity research analysts,
ranking No. 3 overall in the IT sector.
The following Piper Jaffray senior research analysts were also highlighted in
this year's Best on the Street Survey:
-- Brett Manderfeld, Internet & Computer Services, Ranked No. 2 and
Business & Industrial Services, Ranked No. 5
-- Steve Hamill, Medical Equipment, Ranked No. 2
-- Eric Larson, Retailers: Food & Drug, Ranked No. 3
-- Gene Munster, Software, Ranked No. 5
-- Mike Walkley, Telecommunications Equipment, Ranked No. 5
Manderfeld was one of only seven analysts (out of 213 eligible analysts) in
this year's survey to earn a top-five ranking in more than one category. In
addition, Sean Wieland who recently joined Piper Jaffray as a senior analyst in
health care services received a No. 3 ranking in the software category while at
his previous firm.
"This achievement, along with recent top rankings from third parties, such as
Forbes.com/Starmine, shows the strides we've made to increase our research
quality, and our dedication to provide clients with accurate stock ratings and
proprietary research," said Mike Ott, head of Equity Research at Piper Jaffray.
"This is well-deserved recognition for a very talented analyst group.
Congratulations to Peter, Brett, Steve, Eric, Gene, Mike and Sean."
Compiling the Best on the Street Survey
According to the Wall Street Journal, analysts' skill in picking stocks was
measured using recommendation-performance scores. These scores were calculated
by Thomson Financial on the basis of the estimated total return, including
price changes and dividends, of each eligible stock an analyst covered in an
industry. Total-return data were provided by Thomson Datastream.
Analysts got credit for being right about 'buy' and 'sell' recommendations. For
a stock rated a 'buy,' a positive total return yielded a positive score on that
stock, but a negative return produced a negative score. Similarly, for a stock
rated 'sell,' a negative total return yielded a positive score while a positive
return resulted in a negative score. 'Hold' recommendations did not affect the
score. The final performance score also reflects such factors as the number of
stocks in an analyst's 'portfolio.' To be eligible, analysts must have been
based in the U.S. or Canada. Typically, they worked for the same firm
throughout 2004.
Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray
Companies (NYSE:PJC), a focused securities firm dedicated to delivering
superior financial advice, investment products and transaction execution within
selected sectors of the financial services marketplace. The company operates
through two primary revenue-generating segments: Capital Markets and Private
Client Services. Piper Jaffray & Co. has served corporations, government and
non-profit entities, institutional investors and the financial advisory needs
of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray
has approximately 3,000 employees in 104 offices in 23 states across the
country and in London. For more information about Piper Jaffray, visit us
online at http://www.piperjaffray.com/ .
Since 1895. Member SIPC and NYSE.
DATASOURCE: Piper Jaffray & Co.
CONTACT: Susan Beatty, Media Relations of Piper Jaffray,
+1-612-303-5680
Web site: http://www.piperjaffray.com/