Analysts Set Janus International Group, Inc. (NYSE:JBI) PT at $10.25

Shares of Janus International Group, Inc. (NYSE:JBI) have received an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.25.

Several brokerages recently weighed in on JBI. KeyCorp cut their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Finally, UBS Group reduced their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Janus International Group by 854.2% during the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock worth $1,849,000 after purchasing an additional 163,711 shares in the last quarter. Royce & Associates LP increased its stake in Janus International Group by 21.5% during the 3rd quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock worth $12,381,000 after buying an additional 216,382 shares during the period. River Road Asset Management LLC acquired a new position in Janus International Group in the 3rd quarter worth $8,256,000. Maverick Capital Ltd. boosted its position in Janus International Group by 334.8% in the 2nd quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after buying an additional 92,931 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in shares of Janus International Group by 32.7% during the third quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock valued at $7,010,000 after acquiring an additional 171,038 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Up 2.3 %

JBI opened at $7.92 on Wednesday. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.86. The business has a 50-day moving average of $8.28 and a two-hundred day moving average of $10.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.00 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. Janus International Group’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, research analysts expect that Janus International Group will post 0.54 earnings per share for the current year.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.