B. Riley Increases JELD-WEN Holding, Inc. (JELD) Price Target to $38.00
JELD-WEN Holding, Inc. (NYSE:JELD) had its price objective raised by research analysts at B. Riley from $33.00 to $38.00 in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. B. Riley’s target price points to a potential upside of 8.82% from the stock’s previous close.
A number of other equities analysts have also commented on JELD. Zacks Investment Research lowered shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Barclays PLC boosted their price target on shares of JELD-WEN Holding from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of JELD-WEN Holding from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird restated an “outperform” rating and issued a $40.00 price target (up from $38.00) on shares of JELD-WEN Holding in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of JELD-WEN Holding in a research report on Tuesday, August 29th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $37.27.
JELD-WEN Holding (NYSE JELD) traded down $0.57 during trading hours on Wednesday, reaching $34.92. 419,000 shares of the company’s stock were exchanged, compared to its average volume of 663,543. JELD-WEN Holding has a 52-week low of $24.95 and a 52-week high of $37.32. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.
JELD-WEN Holding (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, beating the Zacks’ 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 net margin of 9.12% and a return on equity of 58.83%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts predict that JELD-WEN Holding will post 1.57 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Morgan Stanley acquired a new position in shares of JELD-WEN Holding during the first quarter worth approximately $1,474,000. BlackRock Inc. lifted its position in shares of JELD-WEN Holding by 69.1% during the second 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 in the last quarter. FMR LLC lifted its position in shares of JELD-WEN Holding by 148.6% during the second 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 in the last quarter. Systematic Financial Management LP lifted its position in shares of JELD-WEN Holding by 2.2% during the second quarter. Systematic Financial Management LP now owns 262,730 shares of the company’s stock worth $8,528,000 after purchasing an additional 5,575 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in JELD-WEN Holding by 65,231.3% in the second quarter. BNP Paribas Arbitrage SA now owns 333,843 shares of the company’s stock valued at $10,837,000 after buying an additional 333,332 shares during the period. Institutional investors own 42.97% 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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