Janus International Group, Inc. (NYSE:JBI) Receives $10.17 Average PT from Brokerages

Shares of Janus International Group, Inc. (NYSE:JBI) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.1667.

Several equities analysts recently issued reports on the company. UBS Group lowered their price objective on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Zacks Research upgraded Janus International Group to a “hold” rating in a report on Monday, December 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its holdings in shares of Janus International Group by 3.5% in the fourth quarter. DAVENPORT & Co LLC now owns 2,280,323 shares of the company’s stock worth $15,027,000 after acquiring an additional 76,335 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Janus International Group during the 3rd quarter valued at about $143,000. Danske Bank A S purchased a new stake in shares of Janus International Group during the 3rd quarter valued at about $4,917,000. Wasatch Advisors LP lifted its stake in shares of Janus International Group by 37.5% in the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,435,777 shares during the period. Finally, Verition Fund Management LLC boosted its holdings in shares of Janus International Group by 6.9% in the third quarter. Verition Fund Management LLC now owns 86,180 shares of the company’s stock worth $851,000 after buying an additional 5,597 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Performance

Janus International Group stock opened at $6.92 on Friday. Janus International Group has a twelve month low of $5.72 and a twelve month high of $10.80. The company has a market capitalization of $960.77 million, a P/E ratio of 20.36 and a beta of 1.44. The stock’s 50 day moving average is $6.53 and its 200 day moving average is $8.57. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $219.30 million during the quarter, compared to analysts’ expectations of $225.72 million. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.Janus International Group’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal year.

About Janus International Group

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.