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

Janus International Group (NYSE:JBI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on JBI. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a report on Monday, December 29th. UBS Group cut 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. Finally, Zacks Research raised Janus International Group to a “hold” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Janus International Group has an average rating of “Hold” and an average target price of $10.17.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $7.11 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. The firm has a market cap of $986.32 million, a price-to-earnings ratio of 20.90 and a beta of 1.49. The business has a 50-day simple moving average of $6.87 and a two-hundred day simple moving average of $8.29. Janus International Group has a fifty-two week low of $5.72 and a fifty-two week high of $10.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JBI. Boston Partners lifted its position in Janus International Group by 20.4% during the second quarter. Boston Partners now owns 2,660,527 shares of the company’s stock valued at $21,978,000 after purchasing an additional 450,566 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Janus International Group by 117.6% in the third quarter. Teacher Retirement System of Texas now owns 779,309 shares of the company’s stock worth $7,692,000 after buying an additional 421,205 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Janus International Group by 85.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,489 shares of the company’s stock valued at $1,746,000 after buying an additional 98,732 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Janus International Group by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after acquiring an additional 18,704 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Janus International Group by 214.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,418 shares of the company’s stock worth $11,888,000 after acquiring an additional 996,185 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

About Janus International Group

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.