Barclays Capital Reiterates “Sell” Rating for Janus Capital Group (JNS)
Janus Capital Group (NYSE:JNS)‘s stock had its “sell” rating reiterated by investment analysts at Barclays Capital in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a $7.00 price objective on the stock. Barclays Capital’s price target points to a potential downside of 18.41% from the stock’s previous close.
Janus Capital Group (NYSE:JNS) traded down 1.27% on Thursday, hitting $8.58. 2,060,777 shares of the company’s stock traded hands. Janus Capital Group has a 52-week low of $7.68 and a 52-week high of $10.18. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $8.95. The company has a market cap of $1.587 billion and a P/E ratio of 16.09.
Janus Capital Group (NYSE:JNS) last announced its earnings results on Thursday, July 25th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.02. The company had revenue of $215.80 million for the quarter, compared to the consensus estimate of $218.40 million. During the same quarter last year, the company posted $0.13 earnings per share. Janus Capital Group’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $0.59 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JNS. Analysts at JPMorgan Chase & Co. cut their price target on shares of Janus Capital Group (NYSE:JNS) from $8.50 to $8.00 in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of Janus Capital Group (NYSE:JNS) from $9.00 to $9.50 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Janus Capital Group (NYSE:JNS) in a research note to investors on Monday, July 8th. They now have a $9.00 price target on the stock.
Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.23.
Janus Capital Group Inc, and its subsidiaries (NYSE:JNS) provide investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships (collectively referred to as investment products) in both domestic and international markets.
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