JELD-WEN Holding, Inc. (JELD) Upgraded at Zacks Investment Research
JELD-WEN Holding, Inc. (NYSE:JELD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $40.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.11% from the stock’s current price.
According to Zacks, “JELD-WEN Holding, Inc. designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows and related products for new construction and repair and remodeling of residential homes and non-residential buildings. The company’s brand portfolio includes JELD-WEN (R), Swedoor (R), DANA (R), Corinthian (R), Stegbar (R) and Trend (R). It operates primarily in North America, Europe and Australia. JELD-WEN Holding, Inc. is headquartered in Charlotte, North Carolina. “
Several other equities analysts have also recently issued reports on the company. ValuEngine cut JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of JELD-WEN Holding in a research note on Monday, October 2nd. SunTrust Banks, Inc. reiterated a “hold” rating on shares of JELD-WEN Holding in a research note on Tuesday, September 12th. Bank of America Corporation upgraded JELD-WEN Holding from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $40.00 in a research note on Thursday, September 7th. Finally, Goldman Sachs Group, Inc. (The) upgraded JELD-WEN Holding from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $37.00 in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $37.07.
JELD-WEN Holding (NYSE:JELD) traded up 0.39% during mid-day trading on Monday, hitting $36.00. 306,168 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $34.57 and its 200-day moving average price is $32.43. The stock has a market cap of $3.79 billion and a PE ratio of 220.86. JELD-WEN Holding has a one year low of $24.95 and a one year high of $36.36.
JELD-WEN Holding (NYSE:JELD) last released its earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts forecast that JELD-WEN Holding will post $1.63 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its stake in JELD-WEN Holding by 59.5% during the third quarter. Nationwide Fund Advisors now owns 144,139 shares of the company’s stock worth $5,120,000 after purchasing an additional 53,766 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in JELD-WEN Holding during the third quarter worth approximately $656,000. Dynamic Technology Lab Private Ltd purchased a new stake in JELD-WEN Holding during the second quarter worth approximately $824,000. Public Employees Retirement System of Ohio purchased a new stake in JELD-WEN Holding during the second quarter worth approximately $1,056,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in JELD-WEN Holding during the second quarter worth approximately $560,000. Hedge funds and other institutional investors own 42.13% 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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