Janus International Group (NYSE:JBI) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Janus International Group (NYSE:JBI) from a buy rating to a hold rating in a report published on Monday, Marketbeat Ratings reports. Jefferies Financial Group currently has $7.50 price target on the stock, down from their previous price target of $12.00.

A number of other analysts also recently issued reports on JBI. Benchmark decreased their price target 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. KeyCorp decreased their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Janus International Group has a consensus rating of “Hold” and an average price target of $10.25.

Janus International Group Stock Down 2.2 %

Shares of NYSE JBI opened at $7.63 on Monday. The stock has a market cap of $1.08 billion, a P/E ratio of 10.85 and a beta of 0.92. The business’s fifty day simple moving average is $9.73 and its 200-day simple moving average is $11.94. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a current ratio of 2.80, a quick ratio of 2.47 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. During the same quarter in the previous year, the business posted $0.27 EPS. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. As a group, equities analysts predict that Janus International Group will post 0.84 EPS for the current fiscal year.

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently bought and sold shares of JBI. Principal Financial Group Inc. purchased a new stake in shares of Janus International Group in the first quarter valued at about $173,000. GSA Capital Partners LLP increased its holdings in shares of Janus International Group by 15.5% in the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company’s stock valued at $1,137,000 after purchasing an additional 10,094 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after purchasing an additional 345,448 shares during the last quarter. SG Americas Securities LLC purchased a new position in Janus International Group in the 1st quarter valued at $257,000. Finally, Swiss National Bank increased its stake in Janus International Group by 19.0% in the 1st quarter. Swiss National Bank now owns 275,500 shares of the company’s stock valued at $4,168,000 after buying an additional 44,000 shares during the period. Hedge funds and other institutional investors 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.