Janus International Group (NYSE:JBI) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Janus International Group (NYSE:JBI) from a hold rating to a buy rating in a report issued on Saturday morning.

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

Janus International Group Stock Down 0.1%

JBI stock opened at $7.11 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.03 and a quick ratio of 2.57. The stock has a market capitalization of $986.32 million, a P/E ratio of 20.90 and a beta of 1.49. Janus International Group has a fifty-two week low of $5.72 and a fifty-two week high of $10.80. The business has a 50-day moving average of $6.87 and a 200-day moving average of $8.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Cooke & Bieler LP lifted its stake in Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Janus International Group by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock valued at $38,336,000 after acquiring an additional 92,804 shares during the period. Wasatch Advisors LP lifted its position in Janus International Group by 37.5% during the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock worth $51,940,000 after acquiring an additional 1,435,777 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Janus International Group by 10.2% during the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after acquiring an additional 381,462 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Janus International Group by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,731,454 shares of the company’s stock valued at $24,404,000 after purchasing an additional 76,460 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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.