Janus Henderson Group plc (NYSE:JHG) is among the top losers of the stock market today, sinking -2.54% or (-0.67 points) to $25.74 from its previous close of $26.41. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 277736 contracts so far this session. JHG shares had a relatively better volume day versus average trading capacity of 961.99 thousand shares, but with a 0.19 billion float and a -1.97% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for JHG stock indicates that the average analyst price target is $24.14 per share. This means the stock has a potential decrease of -6.22% from where the JHG share price has been trading recently.
During the recent trading session for Janus Henderson Group plc (NYSE:JHG), the company witnessed their stock drop by $-0.39 over a week and surge $0.47 from the price 20 days ago. When compared to their established 52-week high of $27.5, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 06/02/20. The recent low of $17.68 stood for a -6.4% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Janus Henderson Group plc, the two-week RSI stands at 50.52. This figure suggests that JHG stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current JHG readings is similarly very revealing as it has a stochastic reading of 65.61% at this stage. This figure means that JHG share price today is being neutral.
Technical chart claims that Janus Henderson Group plc (JHG) would settle between $26.81/share to $27.2/share level. However, if the stock price goes below the $26.2 mark, then the market for Janus Henderson Group plc becomes much weaker. If that happens, the stock price might even plunge as low as $25.98 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.1. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Macquarie raised their recommendation on shares of JHG from Neutral to Outperform in their opinion released on February 05. Citigroup analysts bumped their rating on Janus Henderson Group plc (NYSE:JHG) stock from Neutral to Buy in a separate flash note issued to investors on February 05. Analysts at Citigroup released an upgrade from Neutral to Buy for the stock, in a research note that dated back to February 04.
JHG equity has an average rating of 3.4, with the figure leaning towards a bullish end. 10 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Janus Henderson Group plc (NYSE:JHG) as a buy or a strong buy while 5 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, JHG stock price is currently trading at 9.92X forward 12-month Consensus EPS estimates, and its P/E ratio is 12 while for the average stock in the same group, the multiple is 18.8. Janus Henderson Group plc current P/B ratio of 1 means it is trading at a discount against its industry’s 1.7.
Janus Henderson Group plc (JHG)’s current-quarter revenues are projected to climb by nearly 8.1% to hit $565530, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 4.1% from $2.19 billion to a noteworthy $2.28 billion. At the other end of the current quarter income statement, Janus Henderson Group plc is expected to see its adjusted earnings surge by roughly 12.5% to hit $0.63 per share. For the fiscal year, JHG’s earnings are projected to climb by roughly 6.1% to hit $2.62 per share.