Janus International Group (NYSE:JBI) Given New $9.00 Price Target at KeyCorp

Janus International Group (NYSE:JBIFree Report) had its target price reduced by KeyCorp from $12.00 to $9.00 in a research note released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on JBI. Zacks Research upgraded Janus International Group to a “hold” rating in a report on Monday, December 15th. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, UBS Group lowered their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.17.

Read Our Latest Report on Janus International Group

Janus International Group Stock Down 5.1%

Shares of JBI stock traded down $0.30 during trading hours on Thursday, hitting $5.53. 693,838 shares of the company were exchanged, compared to its average volume of 1,147,730. Janus International Group has a 52 week low of $5.45 and a 52 week high of $10.80. 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 business has a 50 day moving average of $6.94 and a two-hundred day moving average of $8.04. The company has a market capitalization of $767.70 million, a PE ratio of 14.18 and a beta of 1.47.

Janus International Group (NYSE:JBIGet Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $226.30 million during the quarter, compared to the consensus estimate of $217.45 million. Janus International Group had a net margin of 6.08% and a return on equity of 15.47%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Analysts anticipate that Janus International Group will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently made changes to their positions in JBI. AlphaQuest LLC boosted its holdings in shares of Janus International Group by 28.4% in the 2nd quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock valued at $53,000 after buying an additional 1,445 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Janus International Group by 0.5% in the second quarter. New York State Common Retirement Fund now owns 335,076 shares of the company’s stock valued at $2,728,000 after acquiring an additional 1,510 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Janus International Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $162,000 after acquiring an additional 1,597 shares during the period. LPL Financial LLC increased its stake in shares of Janus International Group by 3.8% during the 4th quarter. LPL Financial LLC now owns 44,204 shares of the company’s stock worth $289,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Janus International Group by 18.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,930 shares of the company’s stock worth $136,000 after purchasing an additional 2,171 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Key Headlines Impacting Janus International Group

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About Janus International Group

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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.

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