UBS Group Cuts Janus International Group (NYSE:JBI) Price Target to $5.60

Janus International Group (NYSE:JBI) had its price target reduced by UBS Group from $6.00 to $5.60 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.20.

Janus International Group Stock Up 1.5%

Shares of NYSE JBI opened at $5.11 on Wednesday. The stock has a market capitalization of $708.88 million, a PE ratio of 21.27 and a beta of 1.47. The company has a quick ratio of 2.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $5.31 and a 200-day moving average of $5.62. Janus International Group has a 52-week low of $4.26 and a 52-week high of $10.80.

Janus International Group (NYSE:JBI) last issued its earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. On average, analysts anticipate that Janus International Group will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cooke & Bieler LP raised its position in shares of Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Janus International Group by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock worth $38,336,000 after purchasing an additional 92,804 shares during the last quarter. Wasatch Advisors LP grew its stake in Janus International Group by 37.5% in the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,435,777 shares in the last quarter. River Road Asset Management LLC increased its holdings in Janus International Group by 2.1% in the fourth quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock valued at $29,874,000 after buying an additional 95,032 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Janus International Group by 12.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after buying an additional 474,205 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.