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

Janus International Group (NYSE:JBI) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Monday, Briefing.com reports. They presently have a $7.50 price objective on the stock, down from their prior price objective of $12.00. Jefferies Financial Group’s price objective points to a potential upside of 2.04% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. UBS Group cut their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp decreased their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Benchmark cut their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Trading Down 0.1 %

Janus International Group stock opened at $7.35 on Monday. The firm has a market cap of $1.07 billion, a PE ratio of 10.21 and a beta of 0.92. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.86. The stock’s 50 day simple moving average is $9.95 and its two-hundred day simple moving average is $12.11. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.00% and a net margin of 10.62%. The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. During the same period last year, the company posted $0.27 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. Analysts anticipate that Janus International Group will post 0.84 earnings per share for the current year.

Institutional Trading of Janus International Group

Several large investors have recently made changes to their positions in JBI. Point72 Hong Kong Ltd purchased a new position in shares of Janus International Group in the second quarter worth about $60,000. Amalgamated Bank lifted its stake in Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares in the last quarter. Quarry LP grew its position in shares of Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares in the last quarter. Comerica Bank increased its stake in shares of Janus International Group by 78.8% in the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after acquiring an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in Janus International Group during the second quarter worth about $126,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

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.