Janus Capital Group Given New $11.00 Price Target at JPMorgan Chase & Co. (JNS)
JPMorgan Chase & Co. boosted their price target on shares of Janus Capital Group (NYSE:JNS) from $9.50 to $11.00 in a research note issued on Tuesday, American Banking & Market News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 10.86% from the stock’s previous close.
A number of other analysts have also recently weighed in on JNS. Analysts at Goldman Sachs Group Inc. upgraded shares of Janus Capital Group from a “sell” rating to a “neutral” rating in a research note to investors on Friday. Separately, 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. Finally, 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 issued a hold rating and one has issued a buy rating to the stock. Janus Capital Group presently has a consensus rating of “Hold” and an average target price of $9.38.
Janus Capital Group (NYSE:JNS) traded up 2.07% during mid-day trading on Tuesday, hitting $12.34. The stock had a trading volume of 3,325,762 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 $11.4 and a 200-day moving average of $9.77. The company has a market cap of $2.279 billion and a P/E ratio of 20.84.
Janus Capital Group (NYSE:JNS) last announced its 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 $0.63 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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