Janus International Group, Inc. (NYSE:JBI) Receives Consensus Recommendation of “Hold” from Brokerages

Janus International Group, Inc. (NYSE:JBI) has received a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $10.1667.

JBI has been the topic of a number of research reports. Zacks Research raised Janus International Group to a “hold” rating in a report on Monday, December 15th. UBS Group lowered their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th.

Institutional Investors Weigh In On Janus International Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in shares of Janus International Group by 37.5% during the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,435,777 shares in the last quarter. Bank of New York Mellon Corp grew its position in Janus International Group by 214.6% during the second quarter. Bank of New York Mellon Corp now owns 1,460,418 shares of the company’s stock valued at $11,888,000 after buying an additional 996,185 shares during the period. Cooke & Bieler LP grew its position in Janus International Group by 12.7% during the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after buying an additional 874,131 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Janus International Group in the third quarter valued at $6,813,000. Finally, Millennium Management LLC raised its position in shares of Janus International Group by 1,606.2% in the third quarter. Millennium Management LLC now owns 693,962 shares of the company’s stock worth $6,849,000 after acquiring an additional 653,290 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Performance

Shares of JBI stock opened at $7.36 on Thursday. Janus International Group has a 12-month low of $5.72 and a 12-month high of $10.80. The business’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $8.31. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. The company has a market cap of $1.02 billion, a PE ratio of 21.64 and a beta of 1.49.

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.