Janus Capital Group PT Lowered to $9.00 (JNS)
Research analysts at Barclays cut their price objective on shares of Janus Capital Group (NYSE:JNS) from $11.00 to $9.00 in a report released on Tuesday, AnalystRatings.NET reports. The firm currently has an “underweight” rating on the stock. Barclays’ target price indicates a potential downside of 18.85% from the stock’s previous close.
Janus Capital Group (NYSE:JNS) traded up 0.72% during mid-day trading on Tuesday, hitting $11.17. 1,511,246 shares of the company’s stock traded hands. Janus Capital Group has a 1-year low of $7.86 and a 1-year high of $13.10. The stock’s 50-day moving average is $11.89 and its 200-day moving average is $10.00. The company has a market cap of $2.063 billion and a P/E ratio of 19.12.
Janus Capital Group (NYSE:JNS) last announced its earnings results on Wednesday, January 22nd. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.02. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $225.22 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Janus Capital Group will post $0.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of 0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, February 5th.
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 $9.50 to $11.00 in a research note to investors on Tuesday, January 14th. They now have an “underweight” rating on the stock. Separately, 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, January 10th. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Janus Capital Group in a research note to investors on Friday, January 10th. They now have a $11.25 price target on the stock, up previously from $9.75. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.21.
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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