Janus Capital Group PT Raised to $9.50 at JPMorgan Chase & Co. (JNS)
Equities research analysts at JPMorgan Chase & Co. increased their target price on shares of Janus Capital Group (NYSE:JNS) from $9.00 to $9.50 in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 2.26% from the company’s current price.
Shares of Janus Capital Group (NYSE:JNS) opened at 9.72 on Friday. Janus Capital Group has a 52-week low of $7.68 and a 52-week high of $10.18. The stock has a 50-day moving average of $8. and a 200-day moving average of $8.94. The company has a market cap of $1.798 billion and a P/E ratio of 17.67.
Janus Capital Group (NYSE:JNS) last released its earnings data on Thursday, October 24th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.04. The company had revenue of $217.70 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Janus Capital Group will post $0.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, November 6th.
A number of other analysts have also recently weighed in on JNS. Analysts at Barclays reiterated a “sell” rating on shares of Janus Capital Group in a research note to investors on Tuesday, October 8th. They now have a $7.00 price target 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $8.40.
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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