Janus International Group (NYSE:JBI) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Janus International Group (NYSE:JBI) from a buy rating to a hold rating in a report released on Monday, MarketBeat reports. The firm currently has $7.50 target price on the stock, down from their prior target price of $12.00.

Several other analysts also recently weighed in on JBI. KeyCorp dropped their target price 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. UBS Group cut their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Finally, Benchmark cut their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.25.

Janus International Group Price Performance

NYSE:JBI opened at $7.04 on Monday. Janus International Group has a 52 week low of $6.68 and a 52 week high of $15.86. The stock’s fifty day moving average is $9.87 and its two-hundred day moving average is $12.03. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.78 and a beta of 0.92. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data 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 company had revenue of $230.10 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts expect that Janus International Group will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

Several large investors have recently bought and sold shares of the stock. Silvercrest Asset Management Group LLC acquired a new position in shares of Janus International Group during the first quarter worth $44,026,000. Vanguard Group Inc. lifted its stake in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Janus International Group by 2,063.3% in the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Janus International Group during the first quarter worth about $18,954,000. Finally, Cooke & Bieler LP grew its holdings in shares of Janus International Group by 33.8% during the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after buying an additional 966,346 shares during 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 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.