Janus Capital Group Rating Reiterated by Zacks (JNS)
Janus Capital Group (NYSE:JNS)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. They currently have a $9.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 4.90% from the company’s current price.
Zacks‘ analyst wrote, “Janus Capital’s second-quarter 2013 earnings were below the Zacks Consensus Estimate. Net outflows were a headwind for the quarter. Yet, top-line growth and reduced operating expenses depict prudent management. We believe Janus Capital has the best-in-class investment boutique with the potential for assets under management (AUM) and revenue along with competitive leverage growth. However, weak inflows remain a matter of concern. Though the fixed income segment and global operations are showing signs of improvement, the company’s equity-heavy portfolio makes it vulnerable to the volatilities of the equity market. Nevertheless, given its healthy balance sheet, we believe Janus Capital has the potential to perform well in the long run aided by a significant rebound in these markets. “
JNS has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated a “sell” rating on shares of Janus Capital Group (NYSE:JNS) in a research note to investors on Thursday. They now have a $7.00 price target on the stock. Separately, 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. Finally, 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.
Six research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Janus Capital Group presently has an average rating of “Hold” and a consensus target price of $8.23.
Janus Capital Group (NYSE:JNS) traded up 1.75% during mid-day trading on Friday, hitting $8.73. The stock had a trading volume of 1,314,952 shares. Janus Capital Group has a 1-year low of $7.68 and a 1-year high of $10.18. The stock’s 50-day moving average is $8.9 and its 200-day moving average is $8.94. The company has a market cap of $1.615 billion and a price-to-earnings ratio of 15.89.
Janus Capital Group (NYSE:JNS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Janus Capital Group will post $0.59 EPS for the current fiscal year.
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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