JELD-WEN Holding, Inc. (JELD) Upgraded by J P Morgan Chase & Co to “Overweight”
JELD-WEN Holding, Inc. (NYSE:JELD) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a $38.00 target price on the stock, up from their prior target price of $34.00. J P Morgan Chase & Co’s price objective indicates a potential upside of 14.08% from the stock’s current price.
A number of other brokerages also recently issued reports on JELD. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of JELD-WEN Holding in a research report on Tuesday, August 29th. Credit Suisse Group started coverage on shares of JELD-WEN Holding in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $39.00 price objective for the company. Zacks Investment Research downgraded shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Barclays PLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of JELD-WEN Holding in a research report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $35.00 price objective (up from $32.00) on shares of JELD-WEN Holding in a research report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.43.
Shares of JELD-WEN Holding (NYSE:JELD) traded up 2.05% during midday trading on Wednesday, reaching $33.31. 1,286,424 shares of the company traded hands. The firm has a market capitalization of $3.51 billion and a PE ratio of 204.36. JELD-WEN Holding has a 12-month low of $24.95 and a 12-month high of $34.95. The company has a 50-day moving average of $30.79 and a 200 day moving average of $31.72.
JELD-WEN Holding (NYSE:JELD) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. JELD-WEN Holding had a return on equity of 93.93% and a net margin of 9.12%. The firm had revenue of $948.70 million during the quarter, compared to the consensus estimate of $974.57 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that JELD-WEN Holding will post $1.63 earnings per share for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in JELD-WEN Holding in the second quarter valued at about $105,000. Legal & General Group Plc purchased a new position in JELD-WEN Holding in the first quarter valued at about $130,000. Oppenheimer Asset Management Inc. purchased a new position in JELD-WEN Holding in the second quarter valued at about $135,000. PNC Financial Services Group Inc. purchased a new position in JELD-WEN Holding in the first quarter valued at about $138,000. Finally, FNY Partners Fund LP purchased a new position in JELD-WEN Holding in the first quarter valued at about $197,000. Hedge funds and other institutional investors own 42.15% of the company’s stock.
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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