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

Wall Street Zen upgraded shares of Janus International Group (NYSE:JBI) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other brokerages have also weighed in on JBI. KeyCorp dropped their target price on shares of 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 reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. Finally, Zacks Research upgraded 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 issued a Sell rating to the company. According to MarketBeat, Janus International Group presently has a consensus rating of “Hold” and an average target price of $9.17.

Janus International Group Stock Performance

NYSE:JBI opened at $4.92 on Friday. The stock has a 50-day moving average price of $6.25 and a 200 day moving average price of $7.29. The stock has a market capitalization of $682.50 million, a P/E ratio of 12.60 and a beta of 1.59. Janus International Group has a 12-month low of $4.74 and a 12-month high of $10.80. The company has a current ratio of 3.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.94.

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

Institutional Investors Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently made changes to their positions in JBI. Cooke & Bieler LP boosted its stake in shares of Janus International Group by 12.7% during 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 during the period. JPMorgan Chase & Co. raised its position in Janus International Group by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock worth $38,336,000 after purchasing an additional 92,804 shares during the period. Wasatch Advisors LP raised its position in 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 purchasing an additional 1,435,777 shares during the period. River Road Asset Management LLC lifted its stake in Janus International Group by 2.1% in the fourth quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock worth $29,874,000 after purchasing an additional 95,032 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake 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 purchasing an additional 381,462 shares during 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.