Janus International Group, Inc. (NYSE:JBI) Receives Average Rating of “Hold” from Brokerages

Janus International Group, Inc. (NYSE:JBI) has been given an average recommendation of “Hold” by the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.1667.

A number of brokerages recently weighed in on JBI. UBS Group dropped their target price on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, November 7th. Zacks Research raised shares of Janus International Group to a “hold” rating in a report on Monday, December 15th. Wall Street Zen cut Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th.

Janus International Group Stock Up 1.6%

Shares of JBI opened at $7.09 on Friday. The business’s 50 day moving average is $6.63 and its 200 day moving average is $8.59. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. Janus International Group has a 12-month low of $5.72 and a 12-month high of $10.80. The company has a market capitalization of $983.54 million, a PE ratio of 20.84 and a beta of 1.44.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JBI. AlphaQuest LLC raised its stake in Janus International Group by 28.4% during the second quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock valued at $53,000 after purchasing an additional 1,445 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after buying an additional 6,399 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Janus International Group in the 3rd quarter valued at about $70,000. Wealth Enhancement Advisory Services LLC grew its position in Janus International Group by 17.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock worth $106,000 after acquiring an additional 1,754 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Janus International Group by 37.3% during the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock worth $109,000 after acquiring an additional 3,637 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.