Brokerages Set Janus International Group, Inc. (NYSE:JBI) Price Target at $10.17

Janus International Group, Inc. (NYSE:JBI) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $10.1667.

A number of brokerages recently weighed in on JBI. Zacks Research upgraded Janus International Group to a “hold” rating in a report on Monday, December 15th. UBS Group reduced their price objective on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th.

Janus International Group Price Performance

Janus International Group stock opened at $7.28 on Thursday. Janus International Group has a 1 year low of $5.72 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. The firm has a 50 day moving average price of $6.77 and a 200 day moving average price of $8.35. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 21.41 and a beta of 1.49.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.The company had revenue of $219.30 million for the quarter, compared to analysts’ expectations of $225.72 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts predict that Janus International Group will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds have recently made changes to their positions in JBI. AlphaQuest LLC increased its position in shares of Janus International Group by 28.4% during the second quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock worth $53,000 after acquiring an additional 1,445 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Janus International Group during the 3rd quarter valued at approximately $70,000. Russell Investments Group Ltd. grew its stake in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Janus International Group during the 4th quarter worth approximately $71,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Janus International Group by 17.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock valued at $106,000 after purchasing an additional 1,754 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.