Janus International Group (NYSE:JBI) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Janus International Group (NYSE:JBI) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “Janus International Group LLC is a manufacturer and supplier of turn-key building solutions including roll-up and swing doors, hallway systems, re-locatable storage units and facility and door automation technologies. Janus International Group LLC, formerly known as Juniper Industrial Holdings Inc., is based in SANTA MONICA, CA. “

JBI has been the topic of a number of other research reports. Stifel Nicolaus assumed coverage on Janus International Group in a research report on Wednesday, December 8th. They set a buy rating and a $17.00 price target on the stock. KeyCorp reduced their price target on Janus International Group from $18.00 to $17.00 and set an overweight rating on the stock in a research report on Wednesday, November 10th. UBS Group assumed coverage on Janus International Group in a research report on Tuesday, December 7th. They set a neutral rating and a $14.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Janus International Group in a research report on Thursday, September 30th. They set an equal weight rating and a $14.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $15.50.

Janus International Group stock opened at $11.17 on Wednesday. Janus International Group has a 12 month low of $10.98 and a 12 month high of $15.94. The stock’s 50 day moving average is $12.41 and its 200-day moving average is $13.15. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 3.43.

Janus International Group (NYSE:JBI) last posted its earnings results on Tuesday, November 9th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $187.79 million during the quarter, compared to the consensus estimate of $175.40 million. Research analysts predict that Janus International Group will post 0.41 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Wasatch Advisors Inc. boosted its holdings in shares of Janus International Group by 20.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 11,131,295 shares of the company’s stock valued at $136,247,000 after purchasing an additional 1,918,409 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Janus International Group in the 3rd quarter valued at $41,547,000. Luxor Capital Group LP acquired a new stake in shares of Janus International Group in the 2nd quarter valued at $44,770,000. Wells Fargo & Company MN acquired a new stake in shares of Janus International Group in the 2nd quarter valued at $44,087,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Janus International Group in the 2nd quarter valued at $37,033,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About Janus International Group

Janus International Group, LLC designs, manufactures, and installs steel roll-up doors and building components for self-storage, industrial, and commercial door dealer markets. Its products include self-storage doors, wind load self-storage doors, and swing doors; interior hallway systems and locker systems; commercial roll up doors, including tension holding devices, spiral torque tubes, and adjustment in bracket systems; relocatable storage containers and movable additional storage structures; electronic locks, overlocks, and monitoring products for roll-up doors; and options, such as vision panels, insulation materials, upgrade repair kits, pantheon operators, and hoist operators.

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