Janus International Group (NYSE:JBI) Price Target Cut to $11.00 by Analysts at KeyCorp

Janus International Group (NYSE:JBI) had its price target decreased by KeyCorp from $13.00 to $11.00 in a research note published on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group lowered their target price on shares of 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. UBS Group cut their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, Benchmark reduced their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.38.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $7.28 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.11 and a beta of 0.88. Janus International Group has a one year low of $6.68 and a one year high of $15.86. The company has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $12.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82.

Janus International Group (NYSE:JBI) last issued its quarterly 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). The company had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Janus International Group’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, analysts predict that Janus International Group will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Janus International Group by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock worth $151,857,000 after purchasing an additional 2,458,953 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Janus International Group in the first quarter valued at about $173,000. Mutual of America Capital Management LLC raised its holdings in shares of Janus International Group by 131.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 575,474 shares of the company’s stock valued at $8,707,000 after buying an additional 326,707 shares during the period. GSA Capital Partners LLP lifted its position in Janus International Group by 15.5% during the 1st quarter. GSA Capital Partners LLP now owns 75,124 shares of the company’s stock worth $1,137,000 after acquiring an additional 10,094 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after acquiring an additional 345,448 shares during the period. 88.78% of the stock is currently owned by hedge funds and other 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.