Janus International Group (NYSE:JBI) Upgraded to Buy at Zacks Investment Research

Janus International Group (NYSE:JBIGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, Zacks.com reports. The brokerage currently has a $12.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.68% from the stock’s previous close.

According to Zacks, “Janus International Group LLC is a manufacturer and supplier of turn-key building solutions including roll-up and swing doors, hallway systems, re-locatable storage units and facility and door automation technologies. Janus International Group LLC, formerly known as Juniper Industrial Holdings Inc., is based in SANTA MONICA, CA. “

A number of other equities research analysts have also issued reports on the company. Morgan Stanley dropped their price target on Janus International Group from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. KeyCorp dropped their price target on Janus International Group from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, March 16th. UBS Group increased their price objective on Janus International Group to $11.50 and gave the stock a “na” rating in a research report on Wednesday. Finally, Benchmark initiated coverage on Janus International Group in a research report on Wednesday, January 26th. They issued a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Janus International Group currently has an average rating of “Buy” and a consensus target price of $14.08.

Shares of JBI stock traded down $0.23 during trading hours on Friday, reaching $10.65. The company had a trading volume of 694,729 shares, compared to its average volume of 742,443. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.12 and a current ratio of 1.52. The stock has a fifty day moving average of $9.36 and a 200-day moving average of $10.75. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 34.36 and a beta of 0.40. Janus International Group has a 12-month low of $7.95 and a 12-month high of $15.94.

Janus International Group (NYSE:JBIGet Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.07. The business had revenue of $235.35 million during the quarter, compared to analyst estimates of $214.92 million. Janus International Group had a return on equity of 31.69% and a net margin of 5.90%. On average, analysts forecast that Janus International Group will post 0.54 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in Janus International Group by 6.4% during the first quarter. Arizona State Retirement System now owns 19,809 shares of the company’s stock worth $178,000 after purchasing an additional 1,186 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Janus International Group by 9.7% during the first quarter. Teacher Retirement System of Texas now owns 14,670 shares of the company’s stock worth $132,000 after purchasing an additional 1,296 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Janus International Group by 71.3% during the third quarter. Advisor Group Holdings Inc. now owns 3,186 shares of the company’s stock worth $39,000 after purchasing an additional 1,326 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Janus International Group by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 48,683 shares of the company’s stock worth $438,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Royal Bank of Canada acquired a new position in Janus International Group during the third quarter worth $31,000. Institutional investors own 81.10% of the company’s stock.

About Janus International Group (Get Rating)

Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies.

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