Janus International Group (NYSE:JBI) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Janus International Group from “buy” to “hold,” adding to a generally cautious analyst backdrop for the stock.
• The company’s recent earnings missed EPS estimates, reporting $0.11 versus the expected $0.15, even though revenue came in above forecasts at $226.3 million.
• Janus International Group shares were trading at $5.22, well below the analyst consensus target of $9.17, with the stock down from its 52-week high of $10.80.

Janus International Group (NYSE:JBI - Get Free Report) 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 research reports. KeyCorp lowered their price objective on shares of Janus International Group from $12.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, March 5th. Weiss Ratings reissued a "sell (d+)" rating on shares of Janus International Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Janus International Group presently has a consensus rating of "Hold" and an average target price of $9.17.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $5.22 on Friday. The firm's 50 day moving average price is $5.51 and its 200-day moving average price is $6.57. Janus International Group has a twelve month low of $4.74 and a twelve month high of $10.80. The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $724.14 million, a PE ratio of 13.37 and a beta of 1.49.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $217.45 million. During the same quarter last year, the company earned $0.57 EPS. Janus International Group's revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that Janus International Group will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JBI. Clearstead Advisors LLC boosted its position in shares of Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock valued at $35,000 after acquiring an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock valued at $35,000 after acquiring an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. boosted its position 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 valued at $59,000 after acquiring an additional 6,399 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Janus International Group during the 3rd quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC bought a new stake in Janus International Group in the fourth quarter worth $71,000. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Company Profile

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.

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