Janus International Group (NYSE:JBI) Raised to “Hold” at Zacks Research

Janus International Group (NYSE:JBI) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. UBS Group cut their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Jefferies Financial Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.17.

Janus International Group Trading Down 0.2%

Shares of NYSE JBI opened at $6.81 on Monday. The business’s 50 day moving average is $7.77 and its two-hundred day moving average is $8.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.03 and a quick ratio of 2.57. Janus International Group has a 1-year low of $5.72 and a 1-year high of $10.80. The stock has a market capitalization of $944.67 million, a P/E ratio of 20.02 and a beta of 1.44.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC lifted its holdings in Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after buying an additional 3,924 shares in the last quarter. Quarry LP bought a new stake in shares of Janus International Group during the first quarter valued at approximately $43,000. Russell Investments Group Ltd. raised its stake in shares of Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Janus International Group in the third quarter valued at approximately $70,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Janus International Group by 17.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock worth $106,000 after purchasing an additional 1,754 shares in 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 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.