Janus Capital Group Upgraded to “Neutral” by Goldman Sachs Group Inc. (JNS)
Janus Capital Group (NYSE:JNS) was upgraded by analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on JNS. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Janus Capital Group in a research note to investors on Friday. They now have a $11.25 price target on the stock, up previously from $9.75. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Janus Capital Group in a research note to investors on Wednesday, December 11th. They now have a $11.50 price target on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.19.
Shares of Janus Capital Group (NYSE:JNS) traded up 1.65% on Friday, hitting $12.31. The stock had a trading volume of 4,797,462 shares. Janus Capital Group has a 52 week low of $7.86 and a 52 week high of $12.74. The stock has a 50-day moving average of $11.43 and a 200-day moving average of $9.72. The company has a market cap of $2.274 billion and a price-to-earnings ratio of 20.88.
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 prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Janus Capital Group will post $0.62 earnings per share 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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