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

Shares of Janus International Group, Inc. (NYSE:JBI) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

JBI has been the topic of a number of research analyst reports. Jefferies Financial Group lowered shares of Janus International Group from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Benchmark decreased their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. KeyCorp reduced their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group decreased their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Janus International Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBI. Point72 Hong Kong Ltd purchased a new position in shares of Janus International Group during the 2nd quarter valued at $60,000. Amalgamated Bank lifted its holdings in shares of Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after acquiring an additional 2,074 shares during the last quarter. Quarry LP boosted its holdings in shares of Janus International Group by 216.4% in the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after purchasing an additional 4,464 shares in the last quarter. Comerica Bank boosted its stake in Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after buying an additional 2,962 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Janus International Group in the 3rd quarter valued at $125,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Price Performance

Shares of NYSE JBI opened at $7.17 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 9.96 and a beta of 0.92. The business has a fifty day moving average price of $9.20 and a two-hundred day moving average price of $11.52. Janus International Group has a fifty-two week low of $6.68 and a fifty-two week high of $15.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The business had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, equities analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal year.

About Janus International Group

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.