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

Janus International Group, Inc. (NYSE:JBI) has been assigned an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.3333.

A number of equities analysts have recently commented on the stock. UBS Group reduced their target price on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th.

Janus International Group Trading Up 5.6%

NYSE JBI opened at $5.42 on Thursday. The company’s 50-day moving average price is $5.29 and its 200-day moving average price is $5.72. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The stock has a market cap of $751.93 million, a PE ratio of 17.47 and a beta of 1.47. Janus International Group has a 12 month low of $4.26 and a 12 month high of $10.80.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $219.21 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that Janus International Group will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds and other institutional investors have recently made changes to their positions in JBI. Ophir Asset Management Pty Ltd bought a new position in Janus International Group in the fourth quarter worth approximately $22,753,000. Wasatch Advisors LP boosted its position in 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 acquiring an additional 1,435,777 shares in the last quarter. Cooke & Bieler LP boosted its position in Janus International Group by 12.7% during the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after acquiring an additional 874,131 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Janus International Group in the 4th quarter valued at $4,530,000. Finally, Anchor Capital Management Company LLC increased its holdings in shares of Janus International Group by 118.0% in the 4th quarter. Anchor Capital Management Company LLC now owns 1,209,226 shares of the company’s stock valued at $7,908,000 after acquiring an additional 654,563 shares during the period. 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.