KeyCorp Cuts Janus International Group (NYSE:JBI) Price Target to $13.00

Janus International Group (NYSE:JBI) had its price target dropped by investment analysts at KeyCorp from $15.00 to $13.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 28.08% from the company’s previous close.

JBI has been the subject of several other reports. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark cut their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group decreased their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, UBS Group dropped their price target on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.75.

Janus International Group Stock Performance

Janus International Group stock opened at $10.15 on Monday. The business has a 50 day moving average of $10.46 and a 200-day moving average of $12.64. The company has a market capitalization of $1.47 billion, a P/E ratio of 11.40 and a beta of 0.88. Janus International Group has a 1 year low of $9.16 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. On average, equities research analysts predict that Janus International Group will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares in the company, valued at approximately $3,267,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently bought and sold shares of JBI. Epoch Investment Partners Inc. bought a new stake in shares of Janus International Group during the first quarter valued at approximately $18,954,000. First Eagle Investment Management LLC raised its holdings in Janus International Group by 18.6% during the first quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company’s stock worth $11,182,000 after buying an additional 115,700 shares during the last quarter. Swiss National Bank raised its holdings in Janus International Group by 19.0% during the first quarter. Swiss National Bank now owns 275,500 shares of the company’s stock worth $4,168,000 after buying an additional 44,000 shares during the last quarter. Boston Partners lifted its stake in shares of Janus International Group by 10.3% in the first quarter. Boston Partners now owns 2,867,586 shares of the company’s stock valued at $43,112,000 after buying an additional 267,474 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after buying an additional 1,817,144 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

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.