UBS Group Lowers Janus International Group (NYSE:JBI) Price Target to $6.00

Janus International Group (NYSE:JBI) had its target price dropped by equities researchers at UBS Group from $7.25 to $6.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 19.64% from the stock’s previous close.

A number of other equities analysts have also recently commented on JBI. KeyCorp cut their target price on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.33.

Janus International Group Trading Up 1.1%

Shares of NYSE JBI traded up $0.06 during trading on Wednesday, reaching $5.02. The stock had a trading volume of 459,921 shares, compared to its average volume of 1,506,949. The company has a market cap of $696.38 million, a P/E ratio of 12.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54. The business’s 50-day moving average price is $5.39 and its 200-day moving average price is $6.46. Janus International Group has a fifty-two week low of $4.26 and a fifty-two week high of $10.80.

Janus International Group (NYSE:JBI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). The business had revenue of $222.70 million for the quarter, compared to analyst estimates of $219.21 million. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. On average, equities research analysts predict that Janus International Group will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

A number of large investors have recently bought and sold shares of JBI. Clearstead Advisors LLC raised its holdings in shares of Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after acquiring an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Janus International Group by 1,978.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock valued at $35,000 after purchasing an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Janus International Group in the 3rd quarter valued at about $70,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Janus International Group during the 4th quarter worth about $71,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Company Profile

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.