Barclays PLC Increases JELD-WEN Holding, Inc. (JELD) Price Target to $39.00
JELD-WEN Holding, Inc. (NYSE:JELD) had its target price boosted by Barclays PLC from $37.00 to $39.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have an overweight rating on the stock.
Several other equities research analysts also recently issued reports on the company. J P Morgan Chase & Co upgraded JELD-WEN Holding from a neutral rating to an overweight rating and lifted their price objective for the stock from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) upgraded JELD-WEN Holding from a neutral rating to a buy rating and lifted their price objective for the stock from $35.00 to $37.00 in a report on Wednesday, September 6th. Bank of America Corporation upgraded JELD-WEN Holding from a neutral rating to a buy rating and lifted their price objective for the stock from $36.00 to $40.00 in a report on Thursday, September 7th. Gabelli assumed coverage on JELD-WEN Holding in a report on Wednesday, July 26th. They set a buy rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research upgraded JELD-WEN Holding from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $37.21.
JELD-WEN Holding (NYSE:JELD) traded up $0.30 during trading on Wednesday, reaching $35.89. The company had a trading volume of 231,300 shares, compared to its average volume of 413,127. The company has a current ratio of 1.93, a quick ratio of 1.33 and a debt-to-equity ratio of 1.40. JELD-WEN Holding has a 12-month low of $24.95 and a 12-month high of $37.32.
JELD-WEN Holding (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. JELD-WEN Holding had a return on equity of 58.83% and a net margin of 9.12%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. sell-side analysts expect that JELD-WEN Holding will post 1.57 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its holdings in shares of JELD-WEN Holding by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 22,940 shares of the company’s stock valued at $745,000 after acquiring an additional 174 shares during the last quarter. Russell Investments Group Ltd. grew its stake in JELD-WEN Holding by 24.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,741 shares of the company’s stock worth $382,000 after buying an additional 2,114 shares during the last quarter. Quantbot Technologies LP bought a new position in JELD-WEN Holding during the 3rd quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in JELD-WEN Holding during the 2nd quarter worth $105,000. Finally, CNA Financial Corp grew its stake in JELD-WEN Holding by 9.5% during the 3rd quarter. CNA Financial Corp now owns 41,249 shares of the company’s stock worth $1,465,000 after buying an additional 3,593 shares during the last quarter. Institutional investors and hedge funds own 42.16% 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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