Janus International Group (NYSE:JBI) Price Target Raised to $10.00

Key Points

• UBS Group has raised the price target for Janus International Group from $9.00 to $10.00, reflecting a potential upside of 3.24% from the current stock price.
• KeyCorp also increased its price target on the stock from $10.00 to $12.00 and rated it as "overweight," indicating positive growth expectations.
• The company's recent earnings report showed a profit of $0.20 per share, surpassing estimates, despite a year-over-year revenue decline of 8.2%.

Janus International Group (NYSE:JBI - Get Free Report) had its target price increased by equities research analysts at UBS Group from $9.00 to $10.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective points to a potential upside of 0.25% from the stock's previous close.

Separately, KeyCorp lifted their price target on Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.83.

Janus International Group Price Performance

Shares of Janus International Group stock traded up $0.24 during trading on Friday, reaching $9.98. The company's stock had a trading volume of 48,765 shares, compared to its average volume of 1,383,170. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. Janus International Group has a 12-month low of $5.99 and a 12-month high of $11.49. The company has a market capitalization of $1.40 billion, a P/E ratio of 32.05 and a beta of 1.25. The business has a 50 day moving average price of $8.64 and a 200-day moving average price of $8.04.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%. The firm had revenue of $228.10 million for the quarter, compared to the consensus estimate of $216.99 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Janus International Group will post 0.54 EPS for the current year.

Janus International Group announced that its board has authorized a share repurchase program on Thursday, May 15th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd grew its holdings in shares of Janus International Group by 87.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 60,117 shares of the company's stock worth $489,000 after acquiring an additional 28,108 shares during the period. Seizert Capital Partners LLC acquired a new stake in shares of Janus International Group in the 2nd quarter worth approximately $126,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Janus International Group by 30.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 46,224 shares of the company's stock worth $376,000 after acquiring an additional 10,783 shares during the period. SG Americas Securities LLC grew its holdings in shares of Janus International Group by 25.5% in the 2nd quarter. SG Americas Securities LLC now owns 55,963 shares of the company's stock worth $456,000 after acquiring an additional 11,378 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Janus International Group by 13.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 32,473 shares of the company's stock worth $264,000 after acquiring an additional 3,950 shares during the period. Institutional investors and hedge funds own 88.78% of the company's stock.

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.