Janus International Group (NYSE:JBI) Stock Rating Lowered by 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 on Saturday.

JBI has been the topic of several other reports. Jefferies Financial Group upped their target price 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. KeyCorp increased their price target on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group decreased their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research report on Monday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Janus International Group currently has a consensus rating of “Hold” and an average price target of $10.17.

Janus International Group Trading Down 1.1%

Shares of Janus International Group stock opened at $6.13 on Friday. Janus International Group has a fifty-two week low of $5.72 and a fifty-two week high of $10.80. The stock has a 50 day moving average of $8.22 and a 200 day moving average of $8.84. The firm has a market capitalization of $850.27 million, a price-to-earnings ratio of 18.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03.

Janus International Group (NYSE:JBI) last issued 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 net margin of 5.29% and a return on equity of 14.18%. The firm had revenue of $148.59 million for the quarter. As a group, research analysts predict that Janus International Group will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JBI. CIBC Bancorp USA Inc. acquired a new stake in Janus International Group in the 3rd quarter worth about $143,000. Danske Bank A S acquired a new stake in Janus International Group during the third quarter worth about $4,917,000. Wasatch Advisors LP grew its holdings in shares of Janus International Group by 37.5% during 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. Verition Fund Management LLC lifted its position in Janus International Group by 6.9% during the third quarter. Verition Fund Management LLC now owns 86,180 shares of the company’s stock valued at $851,000 after buying an additional 5,597 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Janus International Group in the third quarter valued at about $1,058,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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.