Janus International Group (NYSE:JBI) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Janus International Group (NYSE: JBI) from a "hold" to a "buy," but the consensus remains a "Hold" (1 Buy, 3 Hold, 1 Sell) with an average target price of $9.17.
• JBI opened at $4.92 (market cap $682.5M, P/E 12.6, 52-week range $4.74–$10.80); the company reported Q earnings of $0.11, missing estimates by $0.04 while revenue beat expectations, and analysts expect full-year EPS of $0.54.

Janus International Group (NYSE:JBI - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on JBI. KeyCorp decreased their price target on 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 restated a "sell (d+)" rating on shares of Janus International Group in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Janus International Group to a "hold" rating in a research note on Monday, December 15th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.17.

Janus International Group Trading Down 0.1%

NYSE JBI opened at $4.92 on Friday. 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 $682.50 million, a P/E ratio of 12.60 and a beta of 1.59. Janus International Group has a 52-week low of $4.74 and a 52-week high of $10.80. The firm has a 50-day moving average price of $6.25 and a 200 day moving average price of $7.31.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The business had revenue of $226.30 million during the quarter, compared to analysts' expectations of $217.45 million. Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. Janus International Group's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Equities research analysts expect that Janus International Group will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JBI. Clearstead Advisors LLC lifted its stake in Janus International Group by 130.0% in the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock valued at $35,000 after buying an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Janus International Group by 1,978.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock worth $35,000 after buying an additional 5,105 shares in the last quarter. Russell Investments Group Ltd. increased its position in Janus International Group by 771.0% during the second 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 in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Janus International Group in the third quarter worth $70,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Janus International Group in the fourth quarter worth $71,000. 88.78% of the stock is owned by hedge funds and other 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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