Brokerages Set Janus International Group, Inc. (NYSE:JBI) Target Price at $10.25

Janus International Group, Inc. (NYSE:JBI) has been assigned an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.25.

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $12.00 to $7.50 in a research report on Monday, November 4th. KeyCorp decreased their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Benchmark lowered their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Finally, UBS Group lowered 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.

Janus International Group Trading Up 3.1 %

Shares of Janus International Group stock opened at $7.41 on Friday. Janus International Group has a twelve month low of $6.68 and a twelve month high of $15.86. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $11.37. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.05 billion, a PE ratio of 10.29 and a beta of 0.92.

Janus International Group (NYSE:JBI) last issued its quarterly 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). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue was down 17.9% on a year-over-year basis. On average, sell-side analysts predict that Janus International Group will post 0.54 EPS for the current fiscal year.

Institutional Trading of Janus International Group

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Janus International Group by 21.9% during the third quarter. Geode Capital Management LLC now owns 3,215,210 shares of the company’s stock worth $32,512,000 after acquiring an additional 577,315 shares during the last quarter. Barclays PLC increased its position in shares of Janus International Group by 216.2% during the 3rd quarter. Barclays PLC now owns 235,897 shares of the company’s stock worth $2,385,000 after purchasing an additional 161,290 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Janus International Group in the 3rd quarter valued at about $225,000. XTX Topco Ltd acquired a new position in Janus International Group in the third quarter valued at about $610,000. Finally, Wellington Management Group LLP increased its position in shares of Janus International Group by 47.8% during the third quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock valued at $44,144,000 after acquiring an additional 1,411,802 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

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.