NEW YORK (TheStreet) -- Shares of Janus Capital Group Inc. were up 2.48% to $14.90 in pre-market trading after the company was upgraded to "buy" from "hold" at Jefferies. Jefferies said it raised the investment banking firm's rating because the addition of Pimco co-founder and former co-chief investment officer Bill Gross should boost organic growth. A price target of $17 was set for Janus. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, TheStreet Ratings team rates JANUS CAPITAL GROUP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate JANUS CAPITAL GROUP INC (JNS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows: JNS's revenue growth has slightly outpaced the industry average of 2.6%. Since the same quarter one year prior, revenues slightly increased by 7.1%. Growth in the company's revenue appears to have helped boost the earnings per share. Powered by its strong earnings growth of 137.50% and other important driving factors, this stock has surged by 29.03% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, JNS should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year. JANUS CAPITAL GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, JANUS CAPITAL GROUP INC increased its bottom line by earning $0.61 versus $0.56 in the prior year. This year, the market expects an improvement in earnings ($0.80 versus $0.61). The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 129.7% when compared to the same quarter one year prior, rising from $15.80 million to $36.30 million. You can view the full analysis from the report here: JNS Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on JNS. Click to research the Financial Services industry.
from Latest TSC Headlines http://ift.tt/1ruluoy
No comments:
Post a Comment