Wall Street Zen Downgrades Janus International Group (NYSE:JBI) to Hold

Janus International Group (NYSE:JBI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on JBI. KeyCorp decreased their price objective on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Zacks Research raised Janus International Group to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.17.

Janus International Group Trading Down 2.3%

NYSE JBI opened at $5.25 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54. The firm has a market cap of $728.32 million, a PE ratio of 13.45 and a beta of 1.47. Janus International Group has a one year low of $4.94 and a one year high of $10.80. The firm’s fifty day moving average is $6.63 and its two-hundred day moving average is $7.63.

Janus International Group (NYSE:JBI) last announced its earnings results 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 for the quarter, compared to analyst estimates of $217.45 million. During the same quarter last year, the company posted $0.57 EPS. Janus International Group’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that Janus International Group will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors have recently added to or reduced their stakes in JBI. Ophir Asset Management Pty Ltd purchased a new position in shares of Janus International Group during the 4th quarter worth approximately $22,753,000. Wasatch Advisors LP boosted its stake in shares of Janus International Group by 37.5% in the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after buying an additional 1,435,777 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Janus International Group by 12.7% in 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 in the last quarter. Public Sector Pension Investment Board acquired a new position in Janus International Group during the fourth quarter worth $4,530,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Janus International Group during the third quarter worth $6,813,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

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.