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

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

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

Janus International Group Price Performance

Shares of NYSE:JBI traded up $0.13 during trading on Monday, reaching $6.92. The stock had a trading volume of 101,140 shares, compared to its average volume of 1,344,506. The stock has a market capitalization of $959.94 million, a PE ratio of 20.37 and a beta of 1.44. Janus International Group has a 52 week low of $5.72 and a 52 week high of $10.80. The business’s 50-day moving average price is $7.77 and its 200 day moving average price 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 (NYSE:JBI) last posted its quarterly earnings data on Monday, March 28th. The company reported $0.24 EPS for the quarter. The company had revenue of $148.59 million for the quarter. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%. As a group, equities analysts predict that Janus International Group will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBI. 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 purchasing an additional 3,924 shares during the last quarter. Quarry LP bought a new position in shares of Janus International Group in the first quarter valued at about $43,000. Russell Investments Group Ltd. lifted its stake in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Janus International Group during the 3rd quarter worth about $70,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Janus International Group by 17.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock valued at $106,000 after buying an additional 1,754 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

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.