Janus International Group (NYSE:JBI) Downgraded by Wall Street Zen to “Hold”

Janus International Group (NYSE:JBI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other analysts also recently issued reports about the company. KeyCorp decreased their target price on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a report on Monday, December 29th. Finally, Zacks Research raised shares of Janus International Group to a “hold” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.17.

Janus International Group Trading Down 2.3%

Shares of NYSE JBI opened at $5.25 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54. The business’s 50 day moving average price is $6.63 and its 200-day moving average price is $7.67. Janus International Group has a fifty-two week low of $4.94 and a fifty-two week high of $10.80. The company has a market cap of $728.32 million, a price-to-earnings ratio of 13.45 and a beta of 1.47.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The business had revenue of $226.30 million for the quarter, compared to analysts’ expectations of $217.45 million. Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. Janus International Group’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, sell-side analysts expect that Janus International Group will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

Several hedge funds have recently made changes to their positions in the company. Ophir Asset Management Pty Ltd bought a new position in shares of Janus International Group during the 4th quarter worth $22,753,000. Wasatch Advisors LP raised its holdings in shares of Janus International Group by 37.5% in the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,435,777 shares in the last quarter. Cooke & Bieler LP lifted its stake in Janus International Group by 12.7% in the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock worth $50,661,000 after acquiring an additional 874,131 shares during the period. Public Sector Pension Investment Board purchased a new stake in Janus International Group in the fourth quarter worth about $4,530,000. Finally, Hillsdale Investment Management Inc. bought a new position in Janus International Group during the 3rd quarter worth about $6,813,000. 88.78% of the stock is currently 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.