Janus International Group, Inc. (NYSE:JBI) Given Average Rating of “Hold” by Analysts

Shares of Janus International Group, Inc. (NYSE:JBI) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.25.

Several analysts have issued reports on JBI shares. Jefferies Financial Group cut Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $12.00 to $7.50 in a research note on Monday, November 4th. UBS Group dropped their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, KeyCorp decreased their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th.

Janus International Group Stock Up 2.3 %

Shares of NYSE:JBI opened at $7.92 on Wednesday. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.12 billion, a PE ratio of 11.00 and a beta of 0.91. The company has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $10.64.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the previous year, the firm posted $0.27 EPS. Janus International Group’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Janus International Group will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock valued at $368,000 after acquiring an additional 2,799 shares during the period. Comerica Bank grew its position in Janus International Group by 78.8% in the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after purchasing an additional 2,962 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Janus International Group by 163.3% in the second quarter. SG Americas Securities LLC now owns 44,776 shares of the company’s stock valued at $566,000 after purchasing an additional 27,768 shares during the period. Raymond James & Associates raised its holdings in shares of Janus International Group by 29.3% during the second quarter. Raymond James & Associates now owns 294,955 shares of the company’s stock valued at $3,725,000 after buying an additional 66,799 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Janus International Group by 15.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock valued at $76,243,000 after buying an additional 788,000 shares during the last quarter. 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.