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 Monday.

Other equities analysts also recently issued research reports about the company. UBS Group lowered their price target on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded Janus International Group to a “hold” rating in a research report 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.17.

Janus International Group Trading Down 3.1%

JBI stock opened at $6.61 on Monday. Janus International Group has a 52-week low of $5.72 and a 52-week high of $10.80. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96. The firm has a market cap of $917.60 million, a P/E ratio of 19.44 and a beta of 1.47. The company’s 50-day simple moving average is $6.95 and its 200-day simple moving average is $8.07.

Hedge Funds Weigh In On Janus International Group

Several hedge funds and other institutional investors have recently made changes to their positions in JBI. Clearstead Advisors LLC increased its position in shares of Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after purchasing an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares during the last quarter. AlphaQuest LLC boosted its stake in Janus International Group by 28.4% during the 2nd quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock worth $53,000 after purchasing an additional 1,445 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Janus International Group in the third quarter valued at about $70,000. Hedge funds and other institutional investors 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.