Barclays Capital Reiterates “Sell” Rating for Janus Capital Group (JNS)
Janus Capital Group (NYSE:JNS)‘s stock had its “sell” rating reiterated by research analysts at Barclays Capital in a report released on Tuesday, Analyst Ratings News reports. They currently have a $7.00 target price on the stock. Barclays Capital’s target price indicates a potential downside of 18.22% from the company’s current price.
A number of other analysts have also recently weighed in on JNS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Janus Capital Group from $8.00 to $9.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Janus Capital Group in a research note to investors on Friday, September 13th. They now have a $9.00 price target on the stock. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.33.
Shares of Janus Capital Group (NYSE:JNS) traded down 2.17% on Tuesday, hitting $8.56. 4,874,292 shares of the company’s stock traded hands. 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 $8.64 and its 200-day moving average is $8.84. The company has a market cap of $1.584 billion and a P/E ratio of 16.20.
Janus Capital Group (NYSE:JNS) last announced its earnings results on Thursday, July 25th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Janus Capital Group will post $0.60 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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