Janus Capital Group’s “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods (JNS)
Janus Capital Group (NYSE:JNS)‘s stock had its “market perform” rating reiterated by Keefe, Bruyette & Woods in a research note issued on Friday, American Banking News.com reports. They currently have a $11.25 price objective on the stock, up from their previous price objective of $9.75. Keefe, Bruyette & Woods’ price target points to a potential downside of 7.10% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Analysts at JPMorgan Chase & Co. raised their price target on shares of Janus Capital Group from $9.00 to $9.50 in a research note to investors on Friday, October 25th. They now have an “underweight” rating on the stock. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Janus Capital Group presently has a consensus rating of “Hold” and an average target price of $9.19.
Shares of Janus Capital Group (NYSE:JNS) opened at 12.11 on Friday. Janus Capital Group has a 1-year low of $7.86 and a 1-year high of $12.74. The stock has a 50-day moving average of $11.37 and a 200-day moving average of $9.69. The company has a market cap of $2.237 billion and a price-to-earnings ratio of 20.76.
Janus Capital Group (NYSE:JNS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.15 earnings per share. Janus Capital Group’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $0.62 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.