Janus International Group, Inc. (NYSE:JBI) Given Average Recommendation of “Hold” by Brokerages

Janus International Group, Inc. (NYSE:JBI) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.3333.

Several equities analysts have issued reports on the company. UBS Group dropped their price objective on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. Finally, Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Janus International Group by 7.3% during the 1st quarter. Pacer Advisors Inc. now owns 865,232 shares of the company’s stock worth $4,456,000 after purchasing an additional 58,792 shares during the period. Empowered Funds LLC purchased a new stake in shares of Janus International Group in the first quarter valued at approximately $774,000. Bank of America Corp DE boosted its stake in shares of Janus International Group by 13.5% in the first quarter. Bank of America Corp DE now owns 916,906 shares of the company’s stock valued at $4,722,000 after buying an additional 109,113 shares in the last quarter. RBF Capital LLC grew its holdings in Janus International Group by 33.6% during the first quarter. RBF Capital LLC now owns 1,401,614 shares of the company’s stock worth $7,218,000 after acquiring an additional 352,430 shares during the period. Finally, Seven Six Capital Management LLC acquired a new position in Janus International Group during the first quarter worth $603,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Trading Down 0.3%

JBI opened at $5.33 on Friday. The business’s 50-day simple moving average is $5.24 and its 200-day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. The company has a market cap of $740.82 million, a P/E ratio of 17.21 and a beta of 1.46. Janus International Group has a one year low of $4.26 and a one year high of $10.80.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The company had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $219.21 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Janus International Group will post 0.5 EPS for the current fiscal 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.