Jefferies Financial Group Issues Positive Forecast for Janus International Group (NYSE:JBI) Stock Price

Janus International Group (NYSE:JBI) had its price objective upped by Jefferies Financial Group from $9.00 to $10.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also weighed in on the stock. UBS Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. KeyCorp increased their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.67.

Janus International Group Price Performance

Shares of NYSE JBI opened at $10.0460 on Wednesday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 32.41 and a beta of 1.25. Janus International Group has a 52 week low of $5.99 and a 52 week high of $11.49. The company’s 50-day moving average price is $8.91 and its 200 day moving average price is $8.14. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The company had revenue of $228.10 million for the quarter, compared to analysts’ expectations of $216.99 million. During the same period last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. Janus International Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Janus International Group will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its board has initiated a share repurchase plan on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Janus International Group

Hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Janus International Group during the first quarter valued at approximately $228,000. GAMMA Investing LLC raised its stake in shares of Janus International Group by 787.5% during the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company’s stock valued at $128,000 after purchasing an additional 15,806 shares during the period. Group One Trading LLC raised its stake in shares of Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company’s stock valued at $67,000 after purchasing an additional 9,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Janus International Group by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company’s stock worth $593,000 after buying an additional 2,890 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake 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 worth $1,532,000 after buying an additional 2,338 shares during the last quarter. 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.