Janus International Group, Inc. (NYSE:JBI) Given Consensus Rating of “Hold” by Brokerages

Shares of Janus International Group, Inc. (NYSE:JBI) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.25.

A number of equities analysts recently commented on JBI shares. UBS Group cut 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. Jefferies Financial Group lowered 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 research note on Monday, November 4th. Finally, KeyCorp cut their price objective on 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.

Janus International Group Stock Performance

Shares of JBI stock opened at $7.60 on Wednesday. The business’s 50-day moving average price is $8.39 and its 200-day moving average price is $10.78. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.86. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.56 and a beta of 0.91. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11.

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

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in Janus International Group by 854.2% in 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 holdings in shares of Janus International Group by 21.5% during the third quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock valued at $12,381,000 after acquiring an additional 216,382 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Janus International Group during the third quarter valued at approximately $8,256,000. Maverick Capital Ltd. increased its holdings in shares of Janus International Group by 334.8% during the second quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after acquiring an additional 92,931 shares in the last quarter. Finally, Bernzott Capital Advisors increased its holdings 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. 88.78% of the stock is currently 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.