JELD-WEN Holding, Inc. (JELD) Rating Increased to Buy at Goldman Sachs Group, Inc. (The)
JELD-WEN Holding, Inc. (NYSE:JELD) was upgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has a $37.00 price objective on the stock, up from their prior price objective of $35.00. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 13.36% from the company’s current price.
JELD has been the topic of a number of other reports. Gabelli began coverage on shares of JELD-WEN Holding in a research report on Wednesday, July 26th. They issued a “buy” rating and a $42.00 price target on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a $35.00 price target (up from $32.00) on shares of JELD-WEN Holding in a research report on Thursday, May 11th. Barclays PLC reiterated a “buy” rating and issued a $37.00 price target on shares of JELD-WEN Holding in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of JELD-WEN Holding from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co upgraded shares of JELD-WEN Holding from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $38.00 in a report on Wednesday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.79.
JELD-WEN Holding (JELD) traded up 1.27% during mid-day trading on Wednesday, hitting $32.64. 1,190,056 shares of the company were exchanged. JELD-WEN Holding has a 12-month low of $24.95 and a 12-month high of $34.95. The stock has a market cap of $3.44 billion and a P/E ratio of 200.25. The company has a 50 day moving average of $30.72 and a 200 day moving average of $31.71.
JELD-WEN Holding (NYSE:JELD) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $948.70 million during the quarter, compared to analyst estimates of $974.57 million. JELD-WEN Holding had a net margin of 9.12% and a return on equity of 93.93%. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts expect that JELD-WEN Holding will post $1.63 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. grew its stake in shares of JELD-WEN Holding by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock worth $745,000 after acquiring an additional 174 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of JELD-WEN Holding during the 2nd quarter worth approximately $105,000. Legal & General Group Plc bought a new position in shares of JELD-WEN Holding during the 1st quarter worth approximately $130,000. Oppenheimer Asset Management Inc. bought a new position in shares of JELD-WEN Holding during the 2nd quarter worth approximately $135,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of JELD-WEN Holding during the 1st quarter worth approximately $138,000. 42.15% of the stock is owned by institutional investors.
JELD-WEN Holding Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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