Janus Capital Group, Inc (JHG) Lowered to “Hold” at Zacks Investment Research
Janus Capital Group, Inc (NYSE:JHG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “
Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of Janus Capital Group from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. UBS AG started coverage on shares of Janus Capital Group in a report on Tuesday, May 30th. They set a “buy” rating and a $35.25 price objective on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 price objective on shares of Janus Capital Group in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) started coverage on shares of Janus Capital Group in a report on Monday, June 26th. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Citigroup Inc. started coverage on shares of Janus Capital Group in a report on Friday, June 16th. They set a “neutral” rating and a $34.50 price objective on the stock. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Janus Capital Group has a consensus rating of “Hold” and an average price target of $34.34.
Janus Capital Group (JHG) traded up 4.11% during trading on Tuesday, hitting $35.48. The stock had a trading volume of 1,094,212 shares. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 27.92 and a beta of 1.59. Janus Capital Group has a 12 month low of $8.14 and a 12 month high of $35.85. The firm has a 50 day moving average of $32.63 and a 200-day moving average of $32.57.
Janus Capital Group (NYSE:JHG) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by $0.11. The company had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $394.97 million. Janus Capital Group had a net margin of 13.76% and a return on equity of 9.51%. Janus Capital Group’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. Equities analysts predict that Janus Capital Group will post $1.96 earnings per share for the current year.
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