JELD-WEN Holding, Inc. (NYSE:JELD) Earns Buy Rating from Analysts at Gabelli
Gabelli started coverage on shares of JELD-WEN Holding, Inc. (NYSE:JELD) in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $42.00 target price on the stock.
JELD has been the topic of several other research reports. Wedbush cut JELD-WEN Holding from an outperform rating to a neutral rating and set a $34.00 price objective on the stock. in a research report on Friday, March 31st. They noted that the move was a valuation call. Zacks Investment Research upgraded JELD-WEN Holding from a hold rating to a strong-buy rating and set a $38.00 price objective on the stock in a research report on Wednesday, April 5th. Citigroup Inc. reiterated a neutral rating and set a $35.00 price objective (up previously from $32.00) on shares of JELD-WEN Holding in a research report on Thursday, May 11th. Barclays PLC reiterated a buy rating and set a $37.00 price objective on shares of JELD-WEN Holding in a research report on Friday, May 12th. Finally, Credit Suisse Group began coverage on JELD-WEN Holding in a research report on Thursday, June 22nd. They set an outperform rating and a $39.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $34.86.
Shares of JELD-WEN Holding (NYSE JELD) opened at 32.21 on Wednesday. The company’s market cap is $3.38 billion. The firm has a 50-day moving average of $32.47 and a 200 day moving average of $31.58. JELD-WEN Holding has a one year low of $24.95 and a one year high of $34.95.
In related news, major shareholder Corp Onex sold 2,100,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $29.67, for a total value of $62,307,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of JELD-WEN Holding during the first quarter worth approximately $130,000. PNC Financial Services Group Inc. acquired a new position in JELD-WEN Holding during the first quarter worth about $138,000. FNY Partners Fund LP acquired a new position in JELD-WEN Holding during the first quarter worth about $197,000. Great West Life Assurance Co. Can acquired a new position in JELD-WEN Holding during the second quarter worth about $236,000. Finally, Foresters Investment Management Company Inc. acquired a new position in JELD-WEN Holding during the first quarter worth about $237,000. Institutional investors own 27.58% 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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