Janus International: Recent Correction Is A Buying Opportunity [Seeking Alpha]
Janus International Group, Inc. (JBI)
Company Research
Source: Seeking Alpha
Follow Summary I maintain a buy rating on Janus International despite the recent stock price correction. The company's long-term growth prospects remain strong, driven by high storage REIT utilization, aging facilities, and new product launches. JBI's near-term revenue decline is due to project deferrals but no cancellations, indicating potential for strong growth when interest rates drop. JBI trades at a discount to peers, and I believe the current stock price reflects near-term headwinds, presenting a favorable risk-reward opportunity. onurdongel/E+ via Getty Images Investment Thesis I last covered Janus International ( NYSE: JBI ) in May with a buy rating as I liked the company's long-term growth prospects and valuation. However, the company's stock price has seen a steep correction since then as it reported lower-than-expected Q2 earnings and reduced its guidance. The company's clients are postponing projects for a few quarters in anticipation of benefiting from l
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JBI
News
- Janus International Group, Inc. (NYSE: JBI) had its price target lowered by analysts at Jefferies Financial Group Inc. from $15.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- Janus International Group (NYSE:JBI) Is Achieving High Returns On Its Capital [Yahoo! Finance]Yahoo! Finance
- ASTA America Introduces Two New High Performance Rolling Steel Products [Yahoo! Finance]Yahoo! Finance
- Janus International Group, Inc. (NYSE: JBI) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
- Janus International Group, Inc. (NYSE: JBI) had its price target lowered by analysts at Benchmark Co. from $21.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
JBI
Earnings
- 8/7/24 - Miss
JBI
Sec Filings
- 8/15/24 - Form 4
- 8/15/24 - Form 4
- 8/7/24 - Form 10-Q
- JBI's page on the SEC website