KeyCorp Lowers Janus International Group (NYSE:JBI) Price Target to $11.00

Janus International Group (NYSE:JBI) had its target price decreased by equities research analysts at KeyCorp from $13.00 to $11.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 49.56% from the company’s current price.

A number of other analysts have also commented on JBI. Benchmark decreased their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group decreased their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Finally, UBS Group decreased their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Janus International Group presently has an average rating of “Moderate Buy” and an average target price of $11.38.

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $7.36 on Wednesday. Janus International Group has a one year low of $6.68 and a one year high of $15.86. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.22 and a beta of 0.88. The business has a 50-day simple moving average of $10.03 and a 200 day simple moving average of $12.17. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI) last issued its earnings results 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 12.52% and a return on equity of 26.03%. 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 previous year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. On average, research analysts anticipate that Janus International Group will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Janus International Group

A number of institutional investors and hedge funds have recently modified their holdings of JBI. Silvercrest Asset Management Group LLC purchased a new stake in shares of Janus International Group during the first quarter valued at approximately $44,026,000. Vanguard Group Inc. increased its position 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 acquiring an additional 2,458,953 shares during the last quarter. Victory Capital Management Inc. increased its position 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 acquiring an additional 1,277,377 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Janus International Group during the first quarter valued at $18,954,000. Finally, Cooke & Bieler LP grew its holdings in Janus International Group by 33.8% during the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock valued at $48,319,000 after purchasing an additional 966,346 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

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.