UBS Group Lowers Janus International Group (NYSE:JBI) Price Target to $8.50

Janus International Group (NYSE:JBI) had its price target dropped by UBS Group from $10.00 to $8.50 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 26.28% from the company’s current price.

Several other brokerages have also commented on JBI. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Jefferies Financial Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 20th. KeyCorp boosted their target price on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Janus International Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Janus International Group currently has a consensus rating of “Hold” and a consensus price target of $10.17.

Janus International Group Price Performance

Shares of NYSE JBI opened at $6.73 on Friday. The stock’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $9.06. The firm has a market capitalization of $934.87 million, a PE ratio of 19.80 and a beta of 1.34. Janus International Group has a fifty-two week low of $5.99 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Monday, March 28th. The company reported $0.24 EPS for the quarter. Janus International Group had a net margin of 5.29% and a return on equity of 14.38%. The company had revenue of $148.59 million for the quarter. As a group, equities research analysts forecast that Janus International Group will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in JBI. Wealth Enhancement Advisory Services LLC purchased a new stake in Janus International Group during the 1st quarter valued at approximately $72,000. Teacher Retirement System of Texas acquired a new position in shares of Janus International Group in the first quarter valued at approximately $149,000. Principal Financial Group Inc. increased its holdings in shares of Janus International Group by 1.1% in the first quarter. Principal Financial Group Inc. now owns 212,713 shares of the company’s stock valued at $1,532,000 after purchasing an additional 2,338 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Janus International Group by 70.4% during the first quarter. Envestnet Asset Management Inc. now owns 207,265 shares of the company’s stock worth $1,492,000 after purchasing an additional 85,621 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Janus International Group during the first quarter worth $141,000. Hedge funds and other 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.