Janus International Group, Inc. (NYSE:JBI) Receives $13.25 Average Target Price from Analysts

Janus International Group, Inc. (NYSE:JBI) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.25.

A number of analysts have issued reports on JBI shares. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. UBS Group dropped their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. KeyCorp reduced their price objective on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lowered their target price on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th.

Insider Buying and Selling at Janus International Group

In related news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On Janus International Group

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after acquiring an additional 1,817,144 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Janus International Group by 15.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock worth $76,243,000 after purchasing an additional 788,000 shares in the last quarter. Cooke & Bieler LP increased its stake in Janus International Group by 33.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after buying an additional 966,346 shares during the period. Wasatch Advisors LP boosted its holdings in Janus International Group by 16.1% in the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after purchasing an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after buying an additional 345,448 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Up 1.0 %

Shares of JBI stock opened at $10.27 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. Janus International Group has a 12-month low of $9.16 and a 12-month high of $15.86. The stock has a market capitalization of $1.50 billion, a P/E ratio of 10.81 and a beta of 0.89. The firm’s 50 day moving average is $11.32 and its 200 day moving average is $13.00.

Janus International Group (NYSE:JBI) last announced its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. Research analysts expect that Janus International Group will post 0.84 earnings per share for the current year.

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.