Janus Capital Group Price Target Raised to $8.50 at JPMorgan Chase (JNS)
The analysts wrote, “We look to evaluate our Underweight rating on Janus in the context of improved equity market conditions and some reengagement by US investors in domestic equity funds. Our conclusion is that the Underweight rating is still appropriate. Although Janus remains heavily weighted in equities in strong equity market conditions, Janus is not experiencing the full benefit in AUM growth due to underperformance of the ‘growth’ equity investment style, further hurt by fund underperformance. While Intech and fixed income products are performing better, it is not enough to offset the underperformance elsewhere and we think redemptions will persist.”
Janus Capital Group traded up 1.47% on Monday, hitting $9.67. Janus Capital Group has a 52-week low of $6.64 and a 52-week high of $10.18. The stock’s 50-day moving average is currently $9.4. The company has a market cap of $1.768 billion and a price-to-earnings ratio of 17.33.
Janus Capital Group last announced its earnings results on Thursday, January 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $212.80 million. During the same quarter last year, the company posted $0.19 earnings per share. Janus Capital Group’s revenue was up .5% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $0.62 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on JNS. Analysts at TheStreet upgraded shares of Janus Capital Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 30th. Separately, analysts at Credit Suisse downgraded shares of Janus Capital Group from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 25th. They now have a $8.00 price target on the stock. Finally, analysts at Citigroup downgraded shares of Janus Capital Group from a “neutral” rating to a “sell” rating in a research note to investors on Friday, January 25th. They now have a $7.75 price target on the stock, down previously from $8.00.
Two equities research analysts have rated the stock with a buy rating, eight have assigned a hold rating, one has assigned an underweight rating, and five have assigned a sell rating to the stock. Janus Capital Group presently has an average rating of “hold” and a consensus price target of $8.71.
Janus Capital Group Inc. (JCG) provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships (collectively referred to as investment products) in both domestic and international markets.
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