Zacks reiterated their neutral rating on shares of Janus Capital Group (NYSE:JNS) in a research note released on Wednesday morning, StockRatingsNetwork reports. They currently have a $11.50 target price on the stock.
Zacks’ analyst wrote, “Janus Capital’s third-quarter 2013 earnings were in line with the Zacks Consensus Estimate. However, results compared favorably with the prior-year quarter earnings. Net outflows were a headwind for the quarter. Yet, top-line growth and reduced operating expenses depict prudent management. We believe Janus Capital has the best-in-class investment boutique with the potential for assets under management (AUM) and revenue along with competitive leverage growth. However, weak inflows remain a matter of concern. Though the fixed income segment and global operations are showing signs of improvement, the company’s equity-heavy portfolio makes it vulnerable to the volatilities of the equity market. Nevertheless, given its healthy balance sheet, we believe Janus Capital has the potential to perform well in the long run aided by a significant rebound in these markets. “
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Janus Capital Group from $9.25 to $9.75 in a research note to investors on Friday, October 25th. They now have a market perform rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Janus Capital Group from $9.00 to $9.50 in a research note to investors on Friday, October 25th. They now have an underweight rating on the stock. Finally, analysts at Barclays reiterated a sell rating on shares of Janus Capital Group in a research note to investors on Tuesday, October 8th. They now have a $7.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $9.00.
Shares of Janus Capital Group (NYSE:JNS) traded down 0.80% during mid-day trading on Wednesday, hitting $10.585. The stock had a trading volume of 1,492,684 shares. Janus Capital Group has a 52 week low of $7.86 and a 52 week high of $11.21. The stock’s 50-day moving average is $10.37 and its 200-day moving average is $9.2. The company has a market cap of $1.955 billion and a P/E ratio of 18.40.
Janus Capital Group (NYSE:JNS) last released its earnings data on Thursday, October 24th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Janus Capital Group will post $0.62 earnings per share 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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