Janus Capital Group, Inc (NYSE:JHG) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Janus Capital Group, Inc (NYSE:JHG) from a hold rating to a strong-buy rating in a report published on Friday morning. Zacks Investment Research currently has $39.00 price target on the stock.
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. “
A number of other equities analysts have also weighed in on the company. UBS AG started coverage on Janus Capital Group in a research report on Tuesday, May 30th. They set a buy rating and a $35.25 target price on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $36.00 target price on shares of Janus Capital Group in a research report on Friday, July 14th. J P Morgan Chase & Co started coverage on Janus Capital Group in a research report on Friday, June 9th. They set a neutral rating and a $33.00 target price on the stock. Citigroup Inc. started coverage on Janus Capital Group in a research report on Friday, June 16th. They set a neutral rating and a $34.50 target price on the stock. Finally, Credit Suisse Group started coverage on Janus Capital Group in a research report on Thursday, June 1st. They set a neutral rating and a $33.00 target price on the stock. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $34.34.
Janus Capital Group (NYSE:JHG) opened at 34.08 on Friday. The company has a market capitalization of $3.72 billion, a PE ratio of 26.81 and a beta of 1.59. The stock’s 50 day moving average is $32.59 and its 200 day moving average is $32.49. Janus Capital Group has a 52 week low of $2.63 and a 52 week high of $34.85.
Janus Capital Group (NYSE:JHG) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.11. Janus Capital Group had a net margin of 13.76% and a return on equity of 9.51%. The business had revenue of $384.80 million during the quarter, compared to analyst estimates of $394.97 million. During the same period last year, the firm posted $0.21 earnings per share. Janus Capital Group’s quarterly revenue was up 49.7% compared to the same quarter last year. Analysts predict that Janus Capital Group will post $1.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.76%. Janus Capital Group’s payout ratio is 57.00%.
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