KeyCorp Has Lowered Expectations for Janus International Group (NYSE:JBI) Stock Price

Janus International Group (NYSE:JBI) had its price objective decreased by analysts at KeyCorp from $11.00 to $9.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 33.14% from the stock’s current price.

Janus International Group Stock Up 3.7 %

Shares of Janus International Group stock opened at $6.76 on Tuesday. The firm has a market cap of $948.50 million, a price-to-earnings ratio of 9.39 and a beta of 1.09. Janus International Group has a one year low of $6.20 and a one year high of $15.35. The stock’s 50-day moving average is $7.85 and its 200 day moving average is $8.07. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.

Hedge Funds Weigh In On Janus International Group

Several institutional investors have recently modified their holdings of JBI. Verition Fund Management LLC boosted its holdings in shares of Janus International Group by 146.2% during the 3rd quarter. Verition Fund Management LLC now owns 53,800 shares of the company’s stock valued at $544,000 after buying an additional 31,951 shares in the last quarter. State Street Corp lifted its stake in shares of Janus International Group by 9.5% during the 3rd quarter. State Street Corp now owns 2,827,183 shares of the company’s stock valued at $28,583,000 after buying an additional 244,322 shares in the last quarter. Wellington Management Group LLP lifted its stake in Janus International Group by 47.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after purchasing an additional 1,411,802 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Janus International Group in the 3rd quarter worth about $610,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Janus International Group during the 3rd quarter valued at about $225,000. 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.