Janus International Group, Inc. (NYSE:JBI) Receives $16.30 Consensus PT from Analysts

Janus International Group, Inc. (NYSE:JBI) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.30.

Several equities research analysts have issued reports on JBI shares. Jefferies Financial Group began coverage on shares of Janus International Group in a research report on Monday, April 15th. They set a “buy” rating and a $20.00 target price for the company. Benchmark restated a “buy” rating and issued a $21.00 price objective on shares of Janus International Group in a report on Tuesday, May 14th.

Janus International Group Stock Down 2.1 %

JBI opened at $12.37 on Friday. The company has a 50 day moving average of $13.72 and a 200 day moving average of $14.10. The company has a current ratio of 2.95, a quick ratio of 2.63 and a debt-to-equity ratio of 1.13. Janus International Group has a 12 month low of $9.16 and a 12 month high of $15.86. The company has a market cap of $1.81 billion, a PE ratio of 13.02 and a beta of 0.91.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The firm had revenue of $254.50 million for the quarter, compared to the consensus estimate of $252.90 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Janus International Group will post 1.03 EPS for the current 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. Vanguard Group Inc. raised its position in shares of Janus International Group by 15.6% in the 1st 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in Janus International Group by 59.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after buying an additional 2,027,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Janus International Group by 23.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock valued at $79,414,000 after buying an additional 988,435 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Janus International Group by 16.1% during the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock worth $46,336,000 after acquiring an additional 493,417 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after acquiring an additional 345,448 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

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.