Janus International Group (NYSE:JBI) Given New $11.00 Price Target at KeyCorp

Janus International Group (NYSE:JBI - Free Report) had its target price reduced by KeyCorp from $13.00 to $11.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. UBS Group decreased their price target on Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a research note on Wednesday. Jefferies Financial Group decreased their price target on Janus International Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. Benchmark decreased their price target on Janus International Group from $21.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Wolfe Research lowered Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.38.

Janus International Group Price Performance

NYSE JBI traded up $0.04 during midday trading on Wednesday, hitting $7.28. The company had a trading volume of 7,546,794 shares, compared to its average volume of 2,022,441. The company has a market capitalization of $1.06 billion, a PE ratio of 10.11 and a beta of 0.88. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $10.10 and a 200-day moving average price of $12.21. Janus International Group has a twelve month low of $6.68 and a twelve month high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Janus International Group's revenue was down 17.9% on a year-over-year basis. As a group, analysts anticipate that Janus International Group will post 0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in Janus International Group during the 2nd quarter worth $60,000. Amalgamated Bank grew its position in Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company's stock worth $62,000 after acquiring an additional 2,074 shares during the last quarter. Quarry LP grew its position in Janus International Group by 216.4% during the 2nd quarter. Quarry LP now owns 6,527 shares of the company's stock worth $82,000 after acquiring an additional 4,464 shares during the last quarter. Comerica Bank lifted its holdings in Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company's stock worth $102,000 after buying an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new position in Janus International Group during the 2nd quarter worth about $126,000. Institutional investors own 88.78% of the company's stock.

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.