Janus International Group, Inc. (NYSE:JBI) Receives $13.25 Consensus Price Target from Brokerages

Shares of Janus International Group, Inc. (NYSE:JBI) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.25.

Several brokerages have issued reports on JBI. Jefferies Financial Group cut their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Benchmark cut their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. KeyCorp cut their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, UBS Group cut their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th.

Insider Activity at Janus International Group

In related news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 217,805 shares of the company’s stock, valued at $3,267,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.94% of the stock is currently owned by company insiders.

Institutional Trading of Janus International Group

A number of large investors have recently bought and sold shares of JBI. Silvercrest Asset Management Group LLC purchased a new stake in Janus International Group in the first quarter worth $44,026,000. Vanguard Group Inc. increased its position in Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock worth $151,857,000 after buying an additional 2,458,953 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Janus International Group in the fourth quarter worth $26,103,000. Victory Capital Management Inc. increased its position 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 worth $16,915,000 after buying an additional 1,277,377 shares during the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in Janus International Group in the first quarter worth $18,954,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Stock Up 0.8 %

Shares of Janus International Group stock opened at $9.61 on Friday. Janus International Group has a one year low of $9.16 and a one year high of $15.86. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The stock’s 50-day moving average is $11.09 and its 200 day moving average is $12.90. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 10.12 and a beta of 0.88.

Janus International Group (NYSE:JBI) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. Equities research analysts anticipate that Janus International Group will post 0.84 EPS for the current year.

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.