UBS Group Lowers Janus International Group (NYSE:JBI) Price Target to $11.50

Janus International Group (NYSE:JBIGet Rating) had its price target cut by equities research analysts at UBS Group to $11.50 in a report issued on Wednesday, Stock Target Advisor reports. UBS Group’s target price suggests a potential upside of 11.11% from the company’s current price.

Several other research firms have also recently commented on JBI. CJS Securities initiated coverage on Janus International Group in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $15.00 target price on the stock. Benchmark increased their target price on shares of Janus International Group to $16.00 in a report on Monday, August 22nd. Finally, Morgan Stanley lowered their price target on shares of Janus International Group from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Janus International Group presently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Janus International Group Trading Down 2.7 %

Shares of NYSE:JBI opened at $10.35 on Wednesday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.85 and a beta of 0.66. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 2.08. Janus International Group has a 12 month low of $7.95 and a 12 month high of $13.75. The company’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $9.84.

Janus International Group (NYSE:JBIGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $247.71 million for the quarter, compared to the consensus estimate of $230.69 million. Janus International Group had a return on equity of 32.56% and a net margin of 8.74%. As a group, research analysts forecast that Janus International Group will post 0.75 EPS for the current fiscal year.

Institutional Trading of Janus International Group

A number of large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Janus International Group by 6.4% during the 1st quarter. Arizona State Retirement System now owns 19,809 shares of the company’s stock worth $178,000 after purchasing an additional 1,186 shares during the last quarter. Castleview Partners LLC acquired a new position in Janus International Group during the second quarter worth approximately $61,000. Raymond James Trust N.A. raised its stake in Janus International Group by 10.5% in the third quarter. Raymond James Trust N.A. now owns 13,621 shares of the company’s stock valued at $122,000 after buying an additional 1,292 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Janus International Group by 9.7% in the first quarter. Teacher Retirement System of Texas now owns 14,670 shares of the company’s stock valued at $132,000 after buying an additional 1,296 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Janus International Group by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 48,683 shares of the company’s stock worth $438,000 after acquiring an additional 2,392 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

Janus International Group Company Profile

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Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies.

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