Janus International Group (NYSE:JBI) Given New $8.50 Price Target at UBS Group

Janus International Group (NYSE:JBI) had its price objective decreased by UBS Group from $12.00 to $8.50 in a report issued on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts also recently commented on JBI. KeyCorp dropped their price target on Janus International Group from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Benchmark dropped their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reduced their price target on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Janus International Group presently has an average rating of “Moderate Buy” and an average price target of $11.38.

Janus International Group Stock Performance

NYSE JBI opened at $7.35 on Wednesday. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The firm has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $12.11. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.21 and a beta of 0.92. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a return on equity of 21.00% and a net margin of 10.62%. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Analysts anticipate that Janus International Group will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On Janus International Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC acquired a new position in shares of Janus International Group during the first quarter worth $44,026,000. Vanguard Group Inc. boosted its stake in shares of Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after purchasing an additional 2,458,953 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Janus International Group by 2,063.3% during the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Janus International Group during the first quarter worth about $18,954,000. Finally, Cooke & Bieler LP increased its stake in shares of Janus International Group by 33.8% in the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock valued at $48,319,000 after buying an additional 966,346 shares during the period. 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.