Janus International Group, Inc. (NYSE:JBI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Janus International Group, Inc. (NYSE:JBI) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.1667.

A number of research firms have recently commented on JBI. Wall Street Zen upgraded Janus International Group from a “hold” rating to a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. Finally, KeyCorp cut their price target on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th.

Hedge Funds Weigh In On Janus International Group

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Janus International Group by 23.6% during the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company’s stock worth $1,084,000 after buying an additional 28,709 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Janus International Group by 66.4% in the first quarter. AQR Capital Management LLC now owns 272,602 shares of the company’s stock valued at $1,963,000 after buying an additional 108,809 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Janus International Group by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company’s stock worth $2,014,000 after acquiring an additional 14,125 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Janus International Group by 118.1% in the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company’s stock worth $1,366,000 after acquiring an additional 102,679 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Up 0.9%

Shares of JBI opened at $5.80 on Tuesday. The firm has a market capitalization of $805.39 million, a P/E ratio of 14.84 and a beta of 1.59. 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 has a 12-month low of $4.74 and a 12-month high of $10.80. The firm has a 50-day moving average price of $5.90 and a 200 day moving average price of $6.91.

Janus International Group (NYSE:JBI) last issued its quarterly 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). 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 for the quarter, compared to analysts’ expectations of $217.45 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts forecast that Janus International Group will post 0.62 EPS for the current year.

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.