KeyCorp Lowers Janus International Group (NYSE:JBI) Price Target to $9.00

Key Points

• KeyCorp cut its price target for Janus International Group from $12.00 to $9.00 while keeping an "overweight" rating, a target that implies roughly a 44.5% upside from the stock's prior close.
• Analyst sentiment is mixed with an average rating of "Hold" and an average target of $9.17 (1 Buy, 3 Holds, 1 Sell), and other brokers like UBS and Weiss have recently lowered targets or reiterated cautions.
• Janus reported Q results that missed EPS expectations ($0.11 vs. $0.15) but beat on revenue ($226.3M); the stock trades around $6.23 near its 1-year low, has a market cap of about $865M, and roughly 88.8% institutional ownership.

Janus International Group (NYSE:JBI - Get Free Report) had its price objective reduced by analysts at KeyCorp from $12.00 to $9.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. KeyCorp's target price suggests a potential upside of 44.46% from the stock's previous close.

Several other brokerages have also recently weighed in on JBI. Zacks Research raised Janus International Group to a "hold" rating in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group dropped their target price on shares of Janus International Group from $10.00 to $8.50 and set a "neutral" rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Janus International Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.17.

Janus International Group Stock Performance

JBI stock traded down $0.58 during trading on Thursday, reaching $6.23. 252,415 shares of the company's stock were exchanged, compared to its average volume of 1,066,749. Janus International Group has a 1-year low of $5.72 and a 1-year high of $10.80. The firm has a market cap of $864.85 million, a PE ratio of 18.32 and a beta of 1.47. The company's fifty day moving average price is $6.96 and its 200-day moving average price is $8.06. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $226.30 million for the quarter, compared to analyst estimates of $217.45 million. Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. On average, research analysts expect that Janus International Group will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC grew its position in Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock valued at $35,000 after purchasing an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Janus International Group by 1,978.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock worth $35,000 after acquiring an additional 5,105 shares in the last quarter. AlphaQuest LLC boosted its position in Janus International Group by 28.4% during the second quarter. AlphaQuest LLC now owns 6,536 shares of the company's stock valued at $53,000 after purchasing an additional 1,445 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company's stock valued at $59,000 after purchasing an additional 6,399 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Janus International Group during the 3rd quarter worth about $70,000. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.

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