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 report sent to investors on Monday morning.

A number of other equities analysts also recently weighed in on JBI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. KeyCorp dropped their price target on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.17.

Janus International Group Price Performance

JBI opened at $5.76 on Monday. The stock has a fifty day moving average of $5.90 and a 200-day moving average of $6.91. The firm has a market capitalization of $799.14 million, a P/E ratio of 14.76 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 quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI) last released its earnings results 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 during 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 for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. Equities analysts forecast that Janus International Group will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

Several hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC grew its position in shares of Janus International Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $162,000 after purchasing an additional 1,597 shares during the last quarter. LPL Financial LLC grew its position in shares of Janus International Group by 3.8% in the fourth quarter. LPL Financial LLC now owns 44,204 shares of the company’s stock valued at $289,000 after purchasing an additional 1,608 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Janus International Group by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,930 shares of the company’s stock valued at $136,000 after purchasing an additional 2,171 shares during the last quarter. State of Wyoming grew its position in shares of Janus International Group by 2.4% in the fourth quarter. State of Wyoming now owns 100,379 shares of the company’s stock valued at $656,000 after purchasing an additional 2,339 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

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.