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

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

Several other brokerages have also issued reports on JBI. UBS Group decreased their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, November 7th. Zacks Research raised shares of Janus International Group to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.17.

Janus International Group Price Performance

JBI opened at $6.96 on Monday. The stock has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $8.12. 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 company has a market cap of $965.49 million, a price-to-earnings ratio of 20.46 and a beta of 1.47. Janus International Group has a 12-month low of $5.72 and a 12-month high of $10.80.

Hedge Funds Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently modified their holdings of JBI. Cooke & Bieler LP increased its stake in shares of Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock worth $50,661,000 after purchasing an additional 874,131 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Janus International Group by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock valued at $38,336,000 after acquiring an additional 92,804 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Janus International Group by 37.5% in the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after buying an additional 1,435,777 shares in the last quarter. River Road Asset Management LLC raised its position in Janus International Group by 2.1% during the fourth quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock valued at $29,874,000 after purchasing an additional 95,032 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Janus International Group by 10.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after buying an additional 381,462 shares during the period. 88.78% of the stock is owned by 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.