JELD-WEN Holding, Inc. (JELD) Receives Consensus Recommendation of “Buy” from Brokerages
JELD-WEN Holding, Inc. (NYSE:JELD) has received an average rating of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $37.73.
Several research analysts have commented on JELD shares. Gabelli started coverage on 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. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of JELD-WEN Holding in a report on Monday, June 19th. Bank of America Corporation raised JELD-WEN Holding from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $40.00 in a report on Thursday, September 7th. Goldman Sachs Group, Inc. (The) raised JELD-WEN Holding from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, Zacks Investment Research lowered JELD-WEN Holding from a “buy” rating to a “hold” rating in a report on Thursday, August 10th.
A number of hedge funds have recently made changes to their positions in JELD. Nationwide Fund Advisors acquired a new stake in JELD-WEN Holding in the 1st quarter valued at $906,000. Russell Investments Group Ltd. acquired a new stake in JELD-WEN Holding in the 1st quarter valued at $1,350,000. Empire Life Investments Inc. acquired a new stake in JELD-WEN Holding in the 1st quarter valued at $28,099,000. First Trust Advisors LP acquired a new stake in JELD-WEN Holding in the 1st quarter valued at $2,341,000. Finally, Bank of New York Mellon Corp acquired a new stake in JELD-WEN Holding in the 1st quarter valued at $2,400,000. 42.13% of the stock is currently owned by institutional investors and hedge funds.
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Shares of JELD-WEN Holding (NYSE JELD) opened at 35.78 on Wednesday. JELD-WEN Holding has a 12 month low of $24.95 and a 12 month high of $36.23. The firm has a 50-day moving average of $34.56 and a 200 day moving average of $34.56. The firm has a market cap of $3.77 billion and a P/E ratio of 219.51.
JELD-WEN Holding (NYSE:JELD) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). The business had revenue of $948.70 million during the quarter, compared to the consensus estimate of $974.57 million. JELD-WEN Holding had a return on equity of 93.93% and a net margin of 9.12%. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that JELD-WEN Holding will post $1.63 EPS for the current fiscal year.
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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