UBS reiterates neutral rating on Janus Int’l stock, maintains $10 price target

Investing.com - UBS maintained its Neutral rating and $10.00 price target on Janus International Group, Inc. (NYSE:JBI) in a research note released Wednesday. According to InvestingPro data, the stock is currently trading near its Fair Value, with a P/E ratio of 33x, suggesting a premium valuation compared to peers.

The firm noted that Janus remains optimistic about its Noke product line, which had 409,000 installed units as of the second quarter of 2025, and expects the product line to reach breakeven in 2026 when installations reach approximately 500,000 units. The company’s strong financial position, with a current ratio of 2.61 and healthy cash flows, supports this expansion strategy.

UBS highlighted that Janus believes its Noke Ion product capabilities are well ahead of competition, with multiple growth avenues as the company identifies new cost-saving opportunities for customers, including potential reductions in insurance and labor costs.

The research note indicated that Janus characterized demand in its self-storage end market as "choppy but stable" in the current environment.

Janus management expressed the view that lower interest rates would help alleviate some pressure on its small-to-medium sized customers, according to the UBS report.

In other recent news, Janus International Group reported its second-quarter 2025 earnings, surpassing expectations with an earnings per share of $0.20, compared to the forecasted $0.12, representing a 66.67% surprise. Revenue also exceeded projections, reaching $228.1 million against an anticipated $216.98 million. This performance comes despite ongoing softness in year-over-year self-storage demand. In analyst updates, Jefferies raised its price target for Janus International Group to $10 from $9, maintaining a Hold rating, citing improved execution with cost reduction and market share gains. Similarly, KeyBanc increased its price target to $12 from $10, while maintaining an Overweight rating, following the company’s better-than-expected earnings report. Additionally, Janus International Group announced changes in its board, with Thomas A. Szlosek resigning from the Board of Directors and as Chair of the Audit Committee. Heather Harding has been appointed as the new Chair of the Audit Committee, effective immediately.

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