JELD-WEN Holding, Inc. (JELD) Earns “Outperform” Rating from Robert W. Baird
Robert W. Baird reiterated their outperform rating on shares of JELD-WEN Holding, Inc. (NYSE:JELD) in a research note published on Monday. They currently have a $40.00 price target on the stock, up from their prior price target of $38.00.
Other research analysts also recently issued reports about the stock. Gabelli began coverage on shares of 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. J P Morgan Chase & Co upgraded 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. Zacks Investment Research raised shares of JELD-WEN Holding from a hold rating to a strong-buy rating and set a $37.00 price objective on the stock in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) raised shares of JELD-WEN Holding from a neutral rating to a buy rating and increased their price objective for the stock from $35.00 to $37.00 in a report on Wednesday, September 6th. Finally, Bank of America Corporation raised shares of JELD-WEN Holding from a neutral rating to a buy rating and increased their price objective for the stock from $36.00 to $40.00 in a report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $36.86.
JELD-WEN Holding (NYSE JELD) opened at 35.48 on Monday. JELD-WEN Holding has a 1-year low of $24.95 and a 1-year high of $35.93. The firm has a market capitalization of $3.73 billion and a price-to-earnings ratio of 217.67. The firm has a 50-day moving average of $34.28 and a 200-day moving average of $34.28.
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 the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $974.57 million. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts expect that JELD-WEN Holding will post $1.64 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in JELD. Nationwide Fund Advisors acquired a new stake in shares of JELD-WEN Holding in the 1st quarter worth about $906,000. Strs Ohio acquired a new position in JELD-WEN Holding during the 1st quarter valued at about $243,000. Russell Investments Group Ltd. acquired a new position in JELD-WEN Holding during the 1st quarter valued at about $1,350,000. Empire Life Investments Inc. acquired a new position in JELD-WEN Holding during the 1st quarter valued at about $28,099,000. Finally, First Trust Advisors LP acquired a new position in JELD-WEN Holding during the 1st quarter valued at about $2,341,000. 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.
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