Janus International Group (NYSE:JBI) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Janus International Group (NYSE:JBI) from a buy rating to a hold rating in a research report report published on Monday, Marketbeat.com reports. They currently have $7.50 target price on the stock, down from their previous target price of $12.00.

Other analysts have also recently issued reports about the company. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark lowered their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group reduced their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp lowered their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.25.

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $7.81 on Monday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 10.85 and a beta of 0.92. The company has a quick ratio of 2.47, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group has a 52 week low of $6.68 and a 52 week high of $15.86. The firm’s 50 day moving average is $9.79 and its two-hundred day moving average is $11.97.

Janus International Group (NYSE:JBI) last announced its quarterly 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 return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. Janus International Group’s revenue was down 17.9% compared to the same quarter last year. Research analysts forecast that Janus International Group will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Janus International Group during the 1st quarter worth $173,000. GSA Capital Partners LLP lifted its position in Janus International Group by 15.5% in the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company’s stock valued at $1,137,000 after purchasing an additional 10,094 shares during the period. DAVENPORT & Co LLC boosted its holdings in Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after purchasing an additional 345,448 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Janus International Group in the 1st quarter valued at approximately $257,000. Finally, Swiss National Bank increased its position in Janus International Group by 19.0% during the 1st quarter. Swiss National Bank now owns 275,500 shares of the company’s stock worth $4,168,000 after purchasing an additional 44,000 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Company Profile

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.