Ply Gem Holdings Price Target Lowered to $11.50 at JPMorgan Chase & Co. (PGEM)
Investment analysts at JPMorgan Chase & Co. lowered their price objective on shares of Ply Gem Holdings (NASDAQ:PGEM) from $13.00 to $11.50 in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 16.75% from the company’s current price.
Shares of Ply Gem Holdings (NASDAQ:PGEM) traded up 14.00% during mid-day trading on Friday, hitting $9.85. 808,186 shares of the company’s stock traded hands. Ply Gem Holdings has a 52-week low of $8.15 and a 52-week high of $18.97. The stock has a 50-day moving average of $9.51 and a 200-day moving average of $11.70. The company’s market cap is $668.2 million.
Ply Gem Holdings (NASDAQ:PGEM) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. The company had revenue of $409.20 million for the quarter, compared to the consensus estimate of $404.45 million. Ply Gem Holdings’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Ply Gem Holdings will post $0.19 EPS for the current fiscal year.
A number of other firms have also recently commented on PGEM. Analysts at Imperial Capital initiated coverage on shares of Ply Gem Holdings in a research note on Tuesday, June 24th. They set an “in-line” rating and a $10.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Ply Gem Holdings from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 17th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.94.
Ply Gem Holdings, Inc (NASDAQ:PGEM) is a manufacturer of residential exterior building products in North America.
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