JELD-WEN Holding, Inc. (JELD) Downgraded by ValuEngine
ValuEngine cut shares of JELD-WEN Holding, Inc. (NYSE:JELD) from a buy rating to a hold rating in a research note published on Monday.
A number of other equities analysts have also issued reports on the stock. J P Morgan Chase & Co raised shares of JELD-WEN Holding from a neutral rating to an overweight rating and raised their price target for the stock from $34.00 to $38.00 in a research report on Wednesday, September 6th. Credit Suisse Group initiated coverage on shares of JELD-WEN Holding in a research report on Thursday, June 22nd. They set an outperform rating and a $39.00 price target for the company. Goldman Sachs Group, Inc. (The) raised shares of JELD-WEN Holding from a neutral rating to a buy rating and raised their price target for the stock from $35.00 to $37.00 in a research report on Wednesday, September 6th. Bank of America Corporation raised shares of JELD-WEN Holding from a neutral rating to a buy rating and raised their price target for the stock from $36.00 to $40.00 in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada reissued a buy rating and set a $37.00 price target on shares of JELD-WEN Holding in a research report on Monday, June 19th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. JELD-WEN Holding presently has a consensus rating of Buy and an average price target of $36.86.
JELD-WEN Holding (NYSE:JELD) traded up 0.62% on Monday, hitting $35.70. 116,618 shares of the stock traded hands. JELD-WEN Holding has a 12 month low of $24.95 and a 12 month high of $35.93. The firm has a 50-day moving average price of $34.28 and a 200-day moving average price of $34.28. The company has a market capitalization of $3.76 billion and a PE ratio of 219.02.
JELD-WEN Holding (NYSE:JELD) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) 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 business had revenue of $948.70 million for the quarter, compared to analysts’ expectations of $974.57 million. JELD-WEN Holding’s revenue was up .2% on a year-over-year basis. Analysts forecast that JELD-WEN Holding will post $1.64 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of JELD. Vanguard Group Inc. acquired a new stake in shares of JELD-WEN Holding during the 1st quarter worth approximately $72,987,000. Brahman Capital Corp. acquired a new stake in shares of JELD-WEN Holding during the 1st quarter worth approximately $71,390,000. FMR LLC grew its stake in shares of JELD-WEN Holding by 148.6% during the 2nd 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 period. JPMorgan Chase & Co. acquired a new stake in shares of JELD-WEN Holding during the 1st quarter worth approximately $54,425,000. Finally, BlackRock Inc. grew its stake in shares of JELD-WEN Holding by 69.1% during the 2nd 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 period. 42.15% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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