Janus International Group (NYSE:JBI) Price Target Cut to $12.00 by Analysts at UBS Group

Janus International Group (NYSE:JBI) had its price objective reduced by research analysts at UBS Group from $14.50 to $12.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 10.09% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Janus International Group in a report on Tuesday, May 14th. Jefferies Financial Group started coverage on shares of Janus International Group in a report on Monday, April 15th. They set a “buy” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Janus International Group has an average rating of “Moderate Buy” and an average target price of $15.90.

Janus International Group Price Performance

JBI stock traded down $0.35 during trading on Thursday, hitting $10.90. 848,015 shares of the company’s stock traded hands, compared to its average volume of 1,828,228. Janus International Group has a 52 week low of $9.16 and a 52 week high of $15.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The business has a fifty day simple moving average of $13.22 and a 200 day simple moving average of $14.10. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.47 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The firm had revenue of $248.40 million during the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a return on equity of 28.95% and a net margin of 13.14%. As a group, research analysts expect that Janus International Group will post 1.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.94% of the stock is owned by insiders.

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in shares of Janus International Group in the 4th quarter valued at $35,000. Comerica Bank lifted 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 valued at $102,000 after purchasing an additional 2,962 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Janus International Group in the 1st quarter valued at $173,000. Saxon Interests Inc. acquired a new position in shares of Janus International Group in the 1st quarter valued at $189,000. Finally, Kendall Capital Management acquired a new position in shares of Janus International Group in the 4th quarter valued at $176,000. 88.78% of the stock is currently 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.