Janus International Group, Inc. (NYSE:JBI) Receives Consensus Rating of “Hold” from Brokerages

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

A number of research analysts have recently commented on the company. KeyCorp dropped their price target on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group cut Janus International Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Finally, 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.

Janus International Group Trading Up 1.5 %

Shares of Janus International Group stock opened at $7.60 on Wednesday. The stock has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $10.78. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.56 and a beta of 0.91. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data 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 business had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. On average, sell-side analysts anticipate that Janus International Group will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Janus International Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in Janus International Group by 854.2% in the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock worth $1,849,000 after acquiring an additional 163,711 shares during the last quarter. Royce & Associates LP increased its stake in Janus International Group by 21.5% in the 3rd quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock worth $12,381,000 after acquiring an additional 216,382 shares during the last quarter. River Road Asset Management LLC bought a new position in Janus International Group in the 3rd quarter worth about $8,256,000. Maverick Capital Ltd. increased its stake in Janus International Group by 334.8% in the 2nd quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock worth $1,524,000 after acquiring an additional 92,931 shares during the last quarter. Finally, Bernzott Capital Advisors increased its stake in Janus International Group by 32.7% in the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock worth $7,010,000 after acquiring an additional 171,038 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

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.