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

Shares of Janus International Group, Inc. (NYSE:JBI) have been given an average rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.3333.

Several research analysts have issued reports on JBI shares. UBS Group decreased their price target on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. KeyCorp lowered their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Hedge Funds Weigh In On Janus International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its position in Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after purchasing an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Janus International Group during the 3rd quarter worth approximately $70,000. Russell Investments Group Ltd. grew its position in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Janus International Group during the 4th quarter worth approximately $71,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Up 1.2%

Janus International Group stock opened at $5.19 on Friday. 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 firm has a market cap of $721.10 million, a price-to-earnings ratio of 16.75 and a beta of 1.49. Janus International Group has a 1 year low of $4.26 and a 1 year high of $10.80. The firm’s 50 day moving average price is $5.23 and its two-hundred day moving average price is $6.20.

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

Janus International Group Company Profile

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.