Janus International Group, Inc. (NYSE:JBI) Receives $10.25 Average Target Price from Analysts

Shares of Janus International Group, Inc. (NYSE:JBI) have been given an average rating of “Hold” by the five analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.25.

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

Hedge Funds Weigh In On Janus International Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Janus International Group by 21.9% in the third quarter. Geode Capital Management LLC now owns 3,215,210 shares of the company’s stock valued at $32,512,000 after buying an additional 577,315 shares in the last quarter. Barclays PLC grew its stake in shares of Janus International Group by 216.2% in the third quarter. Barclays PLC now owns 235,897 shares of the company’s stock valued at $2,385,000 after buying an additional 161,290 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Janus International Group in the 3rd quarter valued at about $225,000. XTX Topco Ltd acquired a new position in Janus International Group during the third quarter worth approximately $610,000. Finally, Wellington Management Group LLP increased its holdings in shares of Janus International Group by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after acquiring an additional 1,411,802 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Stock Performance

JBI opened at $7.17 on Friday. Janus International Group has a 52-week low of $6.68 and a 52-week high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a 50-day moving average of $9.20 and a 200-day moving average of $11.52. The company has a market cap of $1.01 billion, a PE ratio of 9.96 and a beta of 0.92.

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