Analysts Set Janus International Group, Inc. (NYSE:JBI) Price Target at $15.38

Janus International Group, Inc. (NYSE:JBI) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $16.30.

A number of analysts have issued reports on JBI shares. Jefferies Financial Group started coverage on Janus International Group in a report on Monday. They set a “buy” rating and a $20.00 price target for the company. Benchmark decreased their price target on Janus International Group from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, TheStreet raised Janus International Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th.

Insider Activity at Janus International Group

In related news, VP Norman V. Nettie sold 90,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the sale, the vice president now directly owns 285,786 shares of the company’s stock, valued at approximately $4,363,952.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the sale, the vice president now directly owns 285,786 shares of the company’s stock, valued at approximately $4,363,952.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $1,526,000.00. Following the sale, the chief executive officer now directly owns 564,510 shares of the company’s stock, valued at $8,614,422.60. The disclosure for this sale can be found here. Insiders sold a total of 340,000 shares of company stock valued at $5,189,300 in the last three months. 42.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Janus International Group

Large investors have recently modified their holdings of the business. Raymond James & Associates increased its stake in Janus International Group by 25.2% in the 1st quarter. Raymond James & Associates now owns 357,854 shares of the company’s stock valued at $3,221,000 after purchasing an additional 72,059 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Janus International Group by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 48,683 shares of the company’s stock valued at $438,000 after purchasing an additional 2,392 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Janus International Group by 1,938.2% during the first quarter. Citigroup Inc. now owns 26,007 shares of the company’s stock worth $234,000 after purchasing an additional 24,731 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Janus International Group during the first quarter worth $119,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Janus International Group during the first quarter worth $96,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Stock Down 0.1 %

Shares of NYSE JBI opened at $14.91 on Monday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.21 and a beta of 0.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.66 and a quick ratio of 2.38. The business has a 50-day moving average of $14.81 and a two-hundred day moving average of $12.77. Janus International Group has a 1 year low of $8.66 and a 1 year high of $15.86.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $284.01 million. Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. On average, analysts forecast that Janus International Group will post 1.02 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.