JELD-WEN Holding’s (JELD) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.
Other analysts have also recently issued reports about the company. Gabelli started coverage on 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 JELD-WEN Holding from a neutral rating to a buy rating and raised 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 JELD-WEN Holding from a neutral rating to a buy rating and raised their price target for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, Zacks Investment Research cut JELD-WEN Holding from a buy rating to a hold rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $36.43.
JELD-WEN Holding (NYSE JELD) opened at 34.56 on Tuesday. The firm has a market capitalization of $3.64 billion and a P/E ratio of 212.02. The firm has a 50-day moving average price of $33.95 and a 200-day moving average price of $31.50. JELD-WEN Holding has a one year low of $24.95 and a one year high of $34.63.
JELD-WEN Holding (NYSE:JELD) last posted 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 return on equity of 93.93% and a net margin of 9.12%. The company had revenue of $948.70 million for the quarter, compared to analyst estimates of $974.57 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that JELD-WEN Holding will post $1.63 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of JELD. Vanguard Group Inc. acquired a new position in JELD-WEN Holding during the first quarter worth $72,987,000. Brahman Capital Corp. acquired a new position in JELD-WEN Holding during the first quarter worth $71,390,000. FMR LLC raised its holdings in JELD-WEN Holding by 148.6% during the second quarter. FMR LLC now owns 3,332,306 shares of the company’s stock worth $108,167,000 after purchasing an additional 1,991,945 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in JELD-WEN Holding during the first quarter worth $54,425,000. Finally, BlackRock Inc. raised its holdings in JELD-WEN Holding by 69.1% during the second quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock worth $97,191,000 after purchasing an additional 1,223,534 shares during the last quarter. 42.15% of the stock is owned by hedge funds and other 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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