JELD-WEN Holding, Inc. (JELD) Raised to Buy at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) upgraded shares of JELD-WEN Holding, Inc. (NYSE:JELD) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has $37.00 price target on the stock, up from their prior price target of $35.00.
JELD has been the topic of several other reports. Gabelli began 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. Citigroup Inc. reaffirmed a neutral rating and issued a $35.00 price target (up from $32.00) on shares of JELD-WEN Holding in a research report on Thursday, May 11th. Barclays PLC reaffirmed a buy rating and issued a $37.00 price target on shares of JELD-WEN Holding in a research report on Friday, May 12th. Zacks Investment Research raised JELD-WEN Holding from a hold rating to a strong-buy rating and set a $37.00 price target on the stock in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co raised JELD-WEN Holding from a neutral rating to an overweight rating and lifted their price target for the stock from $34.00 to $38.00 in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. JELD-WEN Holding currently has a consensus rating of Buy and an average target price of $36.43.
JELD-WEN Holding (NYSE JELD) traded up 2.05% during trading on Wednesday, hitting $33.31. The stock had a trading volume of 1,286,424 shares. The company’s 50-day moving average is $30.79 and its 200 day moving average is $31.72. The firm has a market cap 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.
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. Equities analysts expect that JELD-WEN Holding will post $1.63 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JELD. Nationwide Fund Advisors bought a new stake in shares of JELD-WEN Holding during the first quarter valued at approximately $906,000. Strs Ohio bought a new stake in shares of JELD-WEN Holding during the first quarter valued at approximately $243,000. State of New Jersey Common Pension Fund D bought a new stake in shares of JELD-WEN Holding during the first quarter valued at approximately $1,265,000. Russell Investments Group Ltd. bought a new stake in shares of JELD-WEN Holding during the first quarter valued at approximately $1,350,000. Finally, Wells Fargo & Company MN bought a new stake in shares of JELD-WEN Holding during the first quarter valued at approximately $12,060,000. Institutional investors and hedge funds 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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