JELD-WEN Holding, Inc. (JELD) Upgraded to Buy at Bank of America Corporation
JELD-WEN Holding, Inc. (NYSE:JELD) was upgraded by research analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a $40.00 price objective on the stock, up from their prior price objective of $36.00. Bank of America Corporation’s target price would suggest a potential upside of 20.08% from the company’s previous close.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of JELD-WEN Holding from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $37.00 in a research report on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of JELD-WEN Holding in a research report on Monday, June 19th. 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. Gabelli started 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. Finally, Zacks Investment Research cut shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. JELD-WEN Holding currently has a consensus rating of “Buy” and a consensus price target of $36.43.
Shares of JELD-WEN Holding (NYSE JELD) opened at 33.31 on Thursday. The firm has a market capitalization of $3.51 billion and a PE ratio of 204.36. JELD-WEN Holding has a 52 week low of $24.95 and a 52 week 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 for the quarter, missing analysts’ consensus estimates of $0.52 by $0.01. JELD-WEN Holding had a net margin of 9.12% and a return on equity of 93.93%. The company had revenue of $948.70 million for the quarter, compared to the consensus estimate of $974.57 million. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that JELD-WEN Holding will post $1.63 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in JELD-WEN Holding during the 2nd quarter worth about $105,000. Legal & General Group Plc acquired a new stake in JELD-WEN Holding during the 1st quarter worth about $130,000. Oppenheimer Asset Management Inc. acquired a new stake in JELD-WEN Holding during the 2nd quarter worth about $135,000. PNC Financial Services Group Inc. acquired a new stake in JELD-WEN Holding during the 1st quarter worth about $138,000. Finally, FNY Partners Fund LP acquired a new stake in JELD-WEN Holding during the 1st quarter worth about $197,000. Hedge funds and other institutional investors own 42.15% of the company’s stock.
About JELD-WEN Holding
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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