Janus Capital Group Rating Increased to Neutral at Bank of America (JNS)

By admin | 6 years ago

Janus Capital Group (NYSE: JNS) was upgraded by equities researchers at Bank of America (NYSE: BAC) from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $8.50 target price on the stock.

Janus Capital Group opened at 7.41 on Wednesday. Janus Capital Group has a 1-year low of $5.36 and a 1-year high of $11.47. The company has a market cap of $1.397 billion and a price-to-earnings ratio of 10.74.

Janus Capital Group last posted its quarterly earnings results on Tuesday, April 24th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. Janus Capital Group’s revenue was down 17.7% compared to the same quarter last year. Analysts expect that Janus Capital Group will post $0.17 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Janus Capital Group from $9.50 to $8.50 in a research note to investors on Wednesday, April 25th. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) cut their price target on shares of Janus Capital Group from $9.00 to $8.50 in a research note to investors on Wednesday, April 25th. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Janus Capital Group from $9.50 to $8.00 in a research note to investors on Wednesday, April 25th. They now have a “hold” rating on the stock.

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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