Janus International Group, Inc. (NYSE:JBI) Given Average Recommendation of “Moderate Buy” by Brokerages

Janus International Group, Inc. (NYSE:JBI) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.30.

JBI has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on Janus International Group in a research report on Monday, April 15th. They set a “buy” rating and a $20.00 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $21.00 price target on shares of Janus International Group in a research note on Tuesday, May 14th.

Hedge Funds Weigh In On Janus International Group

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after buying an additional 1,817,144 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Janus International Group by 59.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock worth $71,263,000 after purchasing an additional 2,027,286 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Janus International Group by 23.2% during 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 purchasing an additional 988,435 shares in the last quarter. Wasatch Advisors LP grew its holdings in Janus International Group by 16.1% during the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after purchasing an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC increased its position in Janus International Group by 11.9% in the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after buying an additional 345,448 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Up 2.5 %

NYSE:JBI opened at $13.28 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The firm has a market cap of $1.94 billion, a P/E ratio of 13.98 and a beta of 0.93. Janus International Group has a fifty-two week low of $9.16 and a fifty-two week high of $15.86. The firm has a 50-day simple moving average of $14.21 and a two-hundred day simple moving average of $13.87.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate of $252.90 million. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Analysts predict that Janus International Group will post 1.03 earnings per share for the current fiscal year.

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.