Janus International Group (NYSE:JBI) Stock Rating Upgraded by Zacks Research

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

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

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $6.81 on Monday. Janus International Group has a one year low of $5.72 and a one year high of $10.80. The company has a market capitalization of $944.67 million, a PE ratio of 20.02 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. The company has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $8.77.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share for the quarter. The firm 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%. Research analysts expect that Janus International Group will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP grew its holdings in Janus International Group by 37.5% during the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,435,777 shares during the period. Ameriprise Financial Inc. boosted its position in Janus International Group by 10.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after purchasing an additional 381,462 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Janus International Group by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company’s stock worth $36,075,000 after purchasing an additional 48,890 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Janus International Group by 914.9% during the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock worth $26,163,000 after purchasing an additional 3,275,656 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Janus International Group by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after purchasing an additional 18,704 shares in the last quarter. Institutional investors and hedge funds 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.