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

Janus International Group, Inc. (NYSE:JBI) has received an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.3333.

JBI has been the subject of a number of research reports. Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group lowered their price target on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th.

Janus International Group Stock Performance

Shares of JBI opened at $5.33 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 0.96. Janus International Group has a 52-week low of $4.26 and a 52-week high of $10.80. The company has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $5.94. The company has a market capitalization of $740.82 million, a PE ratio of 17.21 and a beta of 1.46.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The company had revenue of $222.70 million for the quarter, compared to analysts’ expectations of $219.21 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that Janus International Group will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in shares of Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Janus International Group by 1,978.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after acquiring an additional 5,105 shares during the period. Russell Investments Group Ltd. raised its holdings in Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Janus International Group in the 4th quarter valued at $71,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Janus International Group during the 4th quarter worth $81,000. Institutional investors and hedge funds 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.