Ply Gem Holdings Stock Rating Lowered by Goldman Sachs (PGEM)
Ply Gem Holdings (NASDAQ:PGEM) was downgraded by stock analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Stephens upgraded shares of Ply Gem Holdings from an “equal weight” rating to an “overweight” rating in a research note on Monday, May 19th. They now have a $13.00 price target on the stock. Analysts at Deutsche Bank cut their price target on shares of Ply Gem Holdings from $14.00 to $13.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.51.
Shares of Ply Gem Holdings (NASDAQ:PGEM) opened at 11.28 on Tuesday. Ply Gem Holdings has a 1-year low of $10.63 and a 1-year high of $24.10. The stock’s 50-day moving average is $11.89 and its 200-day moving average is $13.62. The company’s market cap is $765.2 million.
Ply Gem Holdings (NASDAQ:PGEM) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.76) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.33. The company had revenue of $269.50 million for the quarter, compared to the consensus estimate of $274.37 million. On average, analysts predict that Ply Gem Holdings will post $0.24 earnings per share for the current fiscal year.
Ply Gem Holdings, Inc (NASDAQ:PGEM) is a manufacturer of residential exterior building products in North America.
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