Are you looking for the next big investment opportunity in the storage sector? Look no further than Janus International, a small cap stock that Jefferies believes is undervalued and poised for growth.
Jefferies recently initiated coverage of Janus International with a buy rating and a $20 per share price target, implying nearly 42% upside from the current price. The company, known for manufacturing doors for self-storage units and offering keyless entry systems, has already seen its stock rise nearly 8% in 2024.
Analyst Philip Ng is bullish on Janus International, noting that the company is often overlooked by investors despite its strong fundamentals. With the recent improvement in the company’s float and a favorable outlook for the storage sector, Ng believes Janus International is positioned for success.
One key advantage for Janus International is its strong pricing power as the only national player with a full-service solution. With self-storage occupancy rates above the mid-cycle average, there is a growing demand for new capacity in the market.
As we look ahead to a post-pandemic world with improving construction trends and lower interest rates, Janus International appears well-positioned to capitalize on these tailwinds. Don’t miss out on this opportunity to invest in an undervalued gem in the storage sector.
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