Brokerages Set Janus International Group, Inc. (NYSE:JBI) PT at $8.33

Shares of Janus International Group, Inc. (NYSE:JBI) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8.3333.

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lowered their price target on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research report on Wednesday, June 24th.

Janus International Group Price Performance

Shares of JBI stock opened at $5.64 on Thursday. Janus International Group has a 52 week low of $4.26 and a 52 week high of $10.80. The stock has a market capitalization of $783.73 million, a PE ratio of 18.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. The stock’s fifty day moving average is $5.31 and its 200-day moving average is $5.70.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The business had revenue of $222.70 million during the quarter, compared to the consensus estimate of $219.21 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Janus International Group will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently made changes to their positions in JBI. Wedge Capital Management L L P NC raised its position in shares of Janus International Group by 8.1% during the second quarter. Wedge Capital Management L L P NC now owns 530,771 shares of the company’s stock worth $2,946,000 after acquiring an additional 39,923 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Janus International Group in the second quarter valued at about $70,000. Pacer Advisors Inc. boosted its holdings in Janus International Group by 7.3% in the first quarter. Pacer Advisors Inc. now owns 865,232 shares of the company’s stock valued at $4,456,000 after acquiring an additional 58,792 shares during the last quarter. Empowered Funds LLC bought a new position in Janus International Group in the first quarter valued at about $774,000. Finally, Bank of America Corp DE increased its position in Janus International Group by 13.5% in the first quarter. Bank of America Corp DE now owns 916,906 shares of the company’s stock worth $4,722,000 after purchasing an additional 109,113 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

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.