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

Janus International Group (NYSE:JBI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other research analysts also recently commented on JBI. 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 report on Wednesday, August 20th. UBS Group cut their price target on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. KeyCorp upped their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.17.

Janus International Group Trading Down 2.2%

JBI stock opened at $5.91 on Friday. Janus International Group has a 12 month low of $5.80 and a 12 month high of $10.80. The firm’s 50-day moving average is $9.46 and its 200 day moving average is $9.04. The company has a market capitalization of $819.76 million, a PE ratio of 17.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.03 and a quick ratio of 2.57.

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

Hedge Funds Weigh In On Janus International Group

A number of large investors have recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in shares of Janus International Group by 435.6% during the first 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 last quarter. Invesco Ltd. boosted its stake in shares of Janus International Group by 6.1% in the first quarter. Invesco Ltd. now owns 1,690,739 shares of the company’s stock worth $12,173,000 after acquiring an additional 96,851 shares during the last quarter. CWM LLC increased its position in shares of Janus International Group by 31.4% during the second quarter. CWM LLC now owns 14,471 shares of the company’s stock worth $118,000 after purchasing an additional 3,459 shares in the last quarter. Principal Financial Group Inc. raised its stake in Janus International Group by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 212,713 shares of the company’s stock valued at $1,532,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Janus International Group by 6.5% in the 1st quarter. Raymond James Financial Inc. now owns 985,195 shares of the company’s stock valued at $7,093,000 after purchasing an additional 60,404 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Company Profile

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.