Janus International Group, Inc. (NYSE:JBI) Receives $10.17 Consensus Target Price from Analysts

Janus International Group, Inc. (NYSE:JBI) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.1667.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. UBS Group dropped their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Zacks Research upgraded shares of Janus International Group to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th.

Institutional Trading of Janus International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in JBI. Wasatch Advisors LP lifted its position in Janus International Group by 37.5% during the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after buying an additional 1,435,777 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Janus International Group by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after acquiring an additional 381,462 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Janus International Group by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company’s stock worth $36,075,000 after purchasing an additional 48,890 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Janus International Group by 0.6% during the second quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after purchasing an additional 18,704 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of Janus International Group by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock valued at $26,109,000 after purchasing an additional 40,201 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Trading Up 2.5%

Shares of JBI opened at $7.07 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. The stock has a market cap of $980.76 million, a PE ratio of 20.78 and a beta of 1.44. Janus International Group has a 1 year low of $5.72 and a 1 year high of $10.80. The stock has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $8.55.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. The company had revenue of $219.30 million during the quarter, compared to analyst estimates of $225.72 million. During the same period in the prior year, the firm earned $0.11 EPS. Janus International Group’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that Janus International Group will post 0.54 EPS for the current fiscal year.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.