Janus International Group (NYSE:JBI) Price Target Cut to $13.00

Janus International Group (NYSE:JBI) had its price objective cut by stock analysts at KeyCorp from $15.00 to $13.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 25.00% from the company’s current price.

A number of other research firms also recently issued reports on JBI. Jefferies Financial Group lowered their target price on 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. UBS Group lowered their target price on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Benchmark lowered their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Janus International Group Price Performance

NYSE:JBI opened at $10.40 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The stock’s 50-day simple moving average is $10.34 and its 200 day simple moving average is $12.57. The company has a market cap of $1.52 billion, a P/E ratio of 10.95 and a beta of 0.88. Janus International Group has a 52-week low of $9.16 and a 52-week high of $15.86.

Janus International Group (NYSE:JBI) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The company had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. As a group, sell-side analysts forecast that Janus International Group will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 217,805 shares of the company’s stock, valued at $3,267,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.94% of the company’s stock.

Hedge Funds Weigh In On Janus International Group

A number of institutional investors have recently bought and sold shares of JBI. Point72 Hong Kong Ltd acquired a new position in Janus International Group during the second quarter worth approximately $60,000. Amalgamated Bank grew its position in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the last quarter. Quarry LP grew its position in shares of Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares during the last quarter. Comerica Bank grew 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 valued at $102,000 after purchasing an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Janus International Group in the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

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.