JELD-WEN Holding, Inc. (NYSE:JELD)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a note issued to investors on Tuesday.
JELD has been the subject of several other research reports. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of JELD-WEN Holding in a research note on Tuesday, August 29th. Credit Suisse Group started coverage on JELD-WEN Holding in a research note on Thursday, June 22nd. They set an “outperform” rating and a $39.00 price objective for the company. Zacks Investment Research lowered JELD-WEN Holding from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America Corporation raised 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) raised 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 analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.43.
JELD-WEN Holding (NYSE JELD) traded up 1.80% during trading on Tuesday, hitting $34.56. The stock had a trading volume of 759,948 shares. The company has a 50-day moving average of $30.79 and a 200-day moving average of $31.72. JELD-WEN Holding has a 52 week low of $24.95 and a 52 week high of $34.95. The stock has a market capitalization of $3.64 billion and a P/E ratio of 212.02.
JELD-WEN Holding (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). The business had revenue of $948.70 million for the quarter, compared to the consensus estimate of $974.57 million. JELD-WEN Holding had a net margin of 9.12% and a return on equity of 93.93%. JELD-WEN Holding’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts expect that JELD-WEN Holding will post $1.63 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in JELD. Nationwide Fund Advisors purchased a new position in shares of JELD-WEN Holding in the first quarter worth about $906,000. Strs Ohio purchased a new position in shares of JELD-WEN Holding in the first quarter worth about $243,000. State of New Jersey Common Pension Fund D purchased a new position in shares of JELD-WEN Holding in the first quarter worth about $1,265,000. Russell Investments Group Ltd. purchased a new position in shares of JELD-WEN Holding in the first quarter worth about $1,350,000. Finally, Wells Fargo & Company MN purchased a new position in shares of JELD-WEN Holding in the first quarter worth about $12,060,000. Hedge funds and other institutional investors 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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