JELD-WEN Holding, Inc. (JELD) Given Average Rating of “Buy” by Brokerages
JELD-WEN Holding, Inc. (NYSE:JELD) has received a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $37.18.
A number of analysts have weighed in on JELD shares. Gabelli started coverage on shares of JELD-WEN Holding in a report on Wednesday, July 26th. They issued a “buy” rating and a $42.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price target on shares of JELD-WEN Holding in a report on Monday, June 19th. Bank of America Corporation raised shares of JELD-WEN Holding from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $40.00 in a report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) raised shares of JELD-WEN Holding from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. reissued a “hold” rating on shares of JELD-WEN Holding in a report on Tuesday.
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Shares of JELD-WEN Holding (NYSE JELD) opened at 32.58 on Friday. JELD-WEN Holding has a 52-week low of $24.95 and a 52-week high of $34.71. The company has a market cap of $3.43 billion and a P/E ratio of 199.88. The stock has a 50 day moving average of $33.55 and a 200 day moving average of $32.41.
JELD-WEN Holding (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $974.57 million. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that JELD-WEN Holding will post $1.63 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its holdings 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of JELD-WEN Holding during the 2nd quarter worth about $105,000. Legal & General Group Plc bought a new position in shares of JELD-WEN Holding during the 1st quarter worth about $130,000. Oppenheimer Asset Management Inc. bought a new position in shares of JELD-WEN Holding during the 2nd quarter worth about $135,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of JELD-WEN Holding during the 1st quarter worth about $138,000. 42.15% of the stock is owned by institutional investors.
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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