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

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

Several research firms have recently weighed in on JBI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. Wall Street Zen cut Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group decreased their target price on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, KeyCorp dropped their price target 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.

Janus International Group Price Performance

JBI stock opened at $5.28 on Wednesday. The firm has a 50 day moving average of $5.20 and a 200-day moving average of $6.05. The firm has a market capitalization of $732.49 million, a P/E ratio of 17.02 and a beta of 1.48. Janus International Group has a 12 month low of $4.26 and a 12 month high of $10.80. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI) last posted its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (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 firm had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $219.21 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Janus International Group will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus International Group

Several hedge funds have recently bought and sold shares of JBI. Royal Bank of Canada grew its stake in Janus International Group by 23.6% in the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company’s stock worth $1,084,000 after buying an additional 28,709 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Janus International Group by 66.4% during the 1st quarter. AQR Capital Management LLC now owns 272,602 shares of the company’s stock valued at $1,963,000 after buying an additional 108,809 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Janus International Group during the 1st quarter valued at $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Janus International Group by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company’s stock worth $2,014,000 after acquiring an additional 14,125 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Janus International Group by 118.1% during the 1st quarter. Jane Street Group LLC now owns 189,655 shares of the company’s stock worth $1,366,000 after acquiring an additional 102,679 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

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.