Janus International Group (NYSE:JBI) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Janus International Group (NYSE:JBI) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other analysts have also recently weighed in on JBI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 1st. KeyCorp increased their target price on Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. UBS Group reduced their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Jefferies Financial Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Janus International Group currently has an average rating of “Hold” and a consensus target price of $10.17.

Janus International Group Stock Down 1.1%

Shares of NYSE:JBI opened at $6.13 on Friday. Janus International Group has a 12-month low of $5.72 and a 12-month high of $10.80. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. The firm has a market cap of $850.27 million, a PE ratio of 18.02 and a beta of 1.44. The company has a fifty day simple moving average of $8.22 and a 200 day simple moving average of $8.84.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. The company had revenue of $148.59 million for the quarter. On average, equities research analysts anticipate that Janus International Group will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its stake in Janus International Group by 435.6% during the 1st quarter. Comerica Bank now owns 76,273 shares of the company’s stock valued at $549,000 after acquiring an additional 62,032 shares during the period. Boston Partners lifted its position in Janus International Group by 20.4% in the second quarter. Boston Partners now owns 2,660,527 shares of the company’s stock valued at $21,978,000 after buying an additional 450,566 shares during the last quarter. Invesco Ltd. boosted its position in shares of Janus International Group by 6.1% during the first quarter. Invesco Ltd. now owns 1,690,739 shares of the company’s stock worth $12,173,000 after buying an additional 96,851 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Janus International Group by 85.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,489 shares of the company’s stock worth $1,746,000 after purchasing an additional 98,732 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Janus International Group by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after buying an additional 18,704 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

About Janus International Group

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.