Janus International Group (NYSE:JBI) Rating Lowered to Hold at Wall Street Zen

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

JBI has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. UBS Group decreased their target price on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday. KeyCorp upped their target price on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group lifted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.17.

Janus International Group Price Performance

Shares of JBI opened at $6.73 on Friday. The company has a market capitalization of $934.88 million, a P/E ratio of 19.80 and a beta of 1.34. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $9.86 and a 200 day moving average of $9.08. Janus International Group has a twelve month low of $5.99 and a twelve month high of $10.80.

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

Institutional Trading of Janus International Group

Large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in Janus International Group by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after acquiring an additional 381,462 shares during the period. Wasatch Advisors LP grew its position in shares of Janus International Group by 7.2% during the 2nd quarter. Wasatch Advisors LP now owns 3,826,628 shares of the company’s stock valued at $31,149,000 after acquiring an additional 256,333 shares during the period. American Century Companies Inc. increased its stake in shares of Janus International Group by 914.9% in the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock worth $26,163,000 after purchasing an additional 3,275,656 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Janus International Group by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock worth $26,355,000 after purchasing an additional 18,704 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Janus International Group by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock worth $26,109,000 after purchasing an additional 40,201 shares during the period. 88.78% of the stock is currently owned by institutional investors.

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.