Wall Street Zen Upgrades Janus International Group (NYSE:JBI) to “Buy”

Janus International Group (NYSE:JBI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also issued reports on JBI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. UBS Group lowered their price objective on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research raised Janus International Group to a “hold” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.17.

Janus International Group Stock Performance

Shares of JBI opened at $7.11 on Friday. The stock has a market capitalization of $986.32 million, a P/E ratio of 20.90 and a beta of 1.49. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. Janus International Group has a 1 year low of $5.72 and a 1 year high of $10.80. The company’s fifty day moving average is $6.87 and its two-hundred day moving average is $8.28.

Hedge Funds Weigh In On Janus International Group

Several hedge funds have recently bought and sold shares of JBI. Boston Partners raised its stake in Janus International Group by 20.4% in the 2nd quarter. Boston Partners now owns 2,660,527 shares of the company’s stock valued at $21,978,000 after purchasing an additional 450,566 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Janus International Group by 117.6% during the third quarter. Teacher Retirement System of Texas now owns 779,309 shares of the company’s stock worth $7,692,000 after buying an additional 421,205 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Janus International Group by 85.3% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,489 shares of the company’s stock valued at $1,746,000 after buying an additional 98,732 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Janus International Group by 0.6% in the second quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after buying an additional 18,704 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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. 88.78% of the stock is owned by hedge funds and other institutional investors.

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.