Janus International Group, Inc. (NYSE:JBI) Receives Consensus Rating of “Hold” from Analysts

Shares of Janus International Group, Inc. (NYSE:JBI) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.25.

A number of brokerages recently weighed in on JBI. Benchmark decreased their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group lowered shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. UBS Group dropped their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, KeyCorp decreased their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds have recently made changes to their positions in JBI. Silvercrest Asset Management Group LLC bought a new position in shares of Janus International Group during the first quarter worth about $44,026,000. Vanguard Group Inc. grew 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 valued at $203,554,000 after purchasing an additional 1,817,144 shares in the last quarter. Wellington Management Group LLP lifted its stake in Janus International Group by 47.8% in the third quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock valued at $44,144,000 after acquiring an additional 1,411,802 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Janus International Group by 2,063.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after acquiring an additional 1,277,377 shares in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new position in Janus International Group during the 1st quarter worth $18,954,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Down 1.4 %

Janus International Group stock opened at $7.17 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.96 and a beta of 0.92. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $11.60. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.86.

Janus International Group (NYSE:JBI) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the prior year, the business posted $0.27 earnings per share. Janus International Group’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, equities analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal 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.