Brokerages Set Janus International Group, Inc. (NYSE:JBI) Target Price at $10.25

Shares of Janus International Group, Inc. (NYSE:JBI - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.25.

A number of research analysts have recently issued reports on JBI shares. Jefferies Financial Group downgraded Janus International Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp cut their price target on Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group lowered their price objective on shares of Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, October 30th.

Janus International Group Price Performance

Shares of NYSE JBI traded up $0.20 during mid-day trading on Wednesday, reaching $7.80. The company had a trading volume of 728,980 shares, compared to its average volume of 1,990,390. The business's 50-day simple moving average is $8.39 and its 200 day simple moving average is $10.78. Janus International Group has a one year low of $6.68 and a one year high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 10.56 and a beta of 0.91.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.62% and a return on equity of 21.10%. The firm 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 company posted $0.27 earnings per share. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, research analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company's stock worth $368,000 after buying an additional 2,799 shares in the last quarter. Comerica Bank increased its position in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company's stock worth $102,000 after purchasing an additional 2,962 shares during the last quarter. SG Americas Securities LLC raised its stake in Janus International Group by 163.3% in the second quarter. SG Americas Securities LLC now owns 44,776 shares of the company's stock valued at $566,000 after purchasing an additional 27,768 shares in the last quarter. Raymond James & Associates lifted its position in Janus International Group by 29.3% during the second quarter. Raymond James & Associates now owns 294,955 shares of the company's stock valued at $3,725,000 after purchasing an additional 66,799 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Janus International Group by 15.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company's stock worth $76,243,000 after buying an additional 788,000 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

About Janus International Group

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.