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

Janus International Group (NYSE:JBI) had its price target trimmed by KeyCorp from $13.00 to $11.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

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

Janus International Group Trading Up 0.6 %

NYSE:JBI opened at $7.28 on Wednesday. Janus International Group has a one year low of $6.68 and a one year high of $15.86. The business’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $12.21. 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 has a market cap of $1.06 billion, a price-to-earnings ratio of 10.11 and a beta of 0.88.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 business had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. During the same quarter last year, the company posted $0.27 earnings per share. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. As a group, sell-side analysts predict that Janus International Group will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Janus International Group

Several hedge funds have recently made changes to their positions in JBI. Point72 Hong Kong Ltd bought a new position in Janus International Group during the 2nd quarter worth $60,000. Amalgamated Bank grew its position in shares of Janus International Group by 73.2% during the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after acquiring an additional 2,074 shares during the last quarter. Quarry LP increased its holdings in shares of Janus International Group by 216.4% in the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares during the period. Comerica Bank lifted its position in Janus International Group by 78.8% in the 1st 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 Janus International Group during the 2nd quarter valued at about $126,000. Institutional investors own 88.78% of the company’s stock.

About Janus International Group

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.