Janus International Group (NYSE:JBI) Given New $11.00 Price Target at KeyCorp

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

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

Janus International Group Stock Down 0.1 %

Shares of NYSE:JBI traded down $0.01 on Wednesday, hitting $7.35. 2,658,675 shares of the company’s stock were exchanged, compared to its average volume of 2,036,117. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. Janus International Group has a 1-year low of $6.68 and a 1-year high of $15.86. The company has a market capitalization of $1.07 billion, a PE ratio of 10.20 and a beta of 0.88. The firm’s 50-day moving average is $9.95 and its 200 day moving average is $12.13.

Janus International Group (NYSE:JBI) last issued its earnings results 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). The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Sell-side analysts predict that Janus International Group will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Janus International Group

A number of institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP lifted its position in Janus International Group by 4.5% during the first quarter. Entropy Technologies LP now owns 21,126 shares of the company’s stock worth $320,000 after buying an additional 901 shares during the period. Sage Mountain Advisors LLC lifted its holdings in shares of Janus International Group by 4.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock worth $293,000 after acquiring an additional 990 shares during the period. ProShare Advisors LLC boosted its position in shares of Janus International Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock worth $231,000 after acquiring an additional 1,201 shares during the last quarter. Atria Investments Inc grew its holdings in Janus International Group by 13.4% in the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after purchasing an additional 1,643 shares during the period. Finally, Amalgamated Bank increased its position in 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 purchasing an additional 2,074 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

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.