UBS Group Cuts Janus International Group (NYSE:JBI) Price Target to $8.50

Janus International Group (NYSE:JBI) had its target price trimmed by UBS Group from $12.00 to $8.50 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Benchmark decreased their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. KeyCorp dropped their target price on shares of Janus International Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Jefferies Financial Group lowered their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.38.

Janus International Group Stock Down 0.1 %

JBI stock traded down $0.01 during mid-day trading on Wednesday, hitting $7.35. The stock had a trading volume of 2,658,675 shares, compared to its average volume of 2,036,117. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.20 and a beta of 0.88. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. Janus International Group has a 1-year low of $6.68 and a 1-year high of $15.86. The company has a fifty day moving average of $9.95 and a 200 day moving average of $12.13.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. On average, equities analysts expect that Janus International Group will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JBI. Atria Investments Inc grew its holdings in shares of Janus International Group by 13.4% in the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock worth $140,000 after purchasing an additional 1,643 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Janus International Group in the 3rd quarter worth approximately $249,000. Principal Financial Group Inc. grew its position in Janus International Group by 854.2% during 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. River Road Asset Management LLC acquired a new stake in Janus International Group during the 3rd quarter valued at $8,256,000. Finally, Bernzott Capital Advisors raised its position in Janus International Group by 32.7% in the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock valued at $7,010,000 after purchasing an additional 171,038 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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.