UBS Group Cuts Janus International Group (NYSE:JBI) Price Target to $6.00

Janus International Group (NYSE:JBI) had its price objective decreased by UBS Group from $7.25 to $6.00 in a research note released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts have also commented on JBI. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp decreased their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.33.

Janus International Group Price Performance

Shares of NYSE JBI opened at $4.79 on Wednesday. The firm has a market capitalization of $664.45 million, a P/E ratio of 15.44 and a beta of 1.49. Janus International Group has a one year low of $4.26 and a one year high of $10.80. The company’s fifty day moving average is $5.28 and its two-hundred day moving average is $6.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.04 and a current ratio of 2.65.

Janus International Group (NYSE:JBI) last issued its earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $222.70 million for the quarter, compared to analysts’ expectations of $219.21 million. Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.Janus International Group’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Analysts forecast that Janus International Group will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cooke & Bieler LP increased its stake in shares of Janus International Group by 12.7% during the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after acquiring an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Janus International Group by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock valued at $38,336,000 after acquiring an additional 92,804 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Janus International Group by 37.5% during the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,435,777 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Janus International Group by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock valued at $29,874,000 after acquiring an additional 95,032 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Janus International Group by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after acquiring an additional 474,205 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

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.