Janus International Group (NYSE:JBI) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Janus International Group (NYSE:JBI) from a Buy to a HoldHold and an average price target of $9.17.
• Janus missed quarterly EPS expectations (reported $0.11 vs. $0.15 estimate) while revenue was $226.3M (down 1.9% YoY); the stock trades near recent lows (opened $5.39, 52‑week low $4.74) with a market cap of about $749M and a PE of 13.82.
• Institutional ownership is high at 88.78%, and several funds including Royal Bank of Canada, AQR and Jane Street materially increased their stakes in the most recent quarter.

Janus International Group (NYSE:JBI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Other equities research analysts also recently issued research reports about the stock. 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. Zacks Research raised Janus International Group to a "hold" rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.17.

Janus International Group Stock Down 0.7%

JBI stock opened at $5.39 on Friday. Janus International Group has a fifty-two week low of $4.74 and a fifty-two week 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 firm's 50-day simple moving average is $6.08 and its 200 day simple moving average is $7.12. The stock has a market cap of $748.59 million, a PE ratio of 13.82 and a beta of 1.59.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. The company had revenue of $226.30 million for the quarter, compared to analyst estimates of $217.45 million. During the same quarter last year, the business earned $0.57 EPS. The company's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Janus International Group will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently made changes to their positions in JBI. Royal Bank of Canada raised its stake in shares of Janus International Group by 23.6% during the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company's stock worth $1,084,000 after purchasing an additional 28,709 shares in the last quarter. AQR Capital Management LLC increased its position in Janus International Group by 66.4% during the 1st quarter. AQR Capital Management LLC now owns 272,602 shares of the company's stock worth $1,963,000 after buying an additional 108,809 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Janus International Group during the 1st quarter worth $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Janus International Group by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company's stock worth $2,014,000 after purchasing an additional 14,125 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Janus International Group by 118.1% during the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company's stock worth $1,366,000 after purchasing an additional 102,679 shares in the last quarter. Institutional investors own 88.78% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.