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Analysts Offer Insights on Conglomerates Companies: Park-Ohio Holdings (PKOH) and JELD-WEN Inc (JELD)


Analysts fell to the sidelines weighing in on Park-Ohio Holdings (PKOH) and JELD-WEN Inc (JELD) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Park-Ohio Holdings (PKOH)

B.Riley FBR analyst Christopher Van Horn reiterated a Hold rating on Park-Ohio Holdings today and set a price target of $40. The company’s shares closed yesterday at $37.93.

Van Horn observed:

“While truck and aerospace markets remain strong for Park-Ohio (PKOH), we think that the +14.4% move in PKOH shares on November 6 (vs. the S&P 500 +0.6%), which followed the company’s 3Q18 earnings report after market close on November 5, prices in most of that strength. We remain Neutral on shares given limited upside from current levels to our price target and potential risk from automotive market cyclicality. Once some of this risk subsides, there could be a better entry point for shares. For now, the company’s cost profile remains elevated as it brings three new plants up to speed in Mexico and China. We expect significant sales contribution from these operations in time, but for now the ramp up is somewhat margin dilutive.”

According to TipRanks.com, Horn is a 4-star analyst with an average return of 5.6% and a 51.7% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Standard Motor Products, and Methode Electronics.

The word on The Street in general, suggests a Hold analyst consensus rating for Park-Ohio Holdings with a $40 average price target.

See today’s analyst top recommended stocks >>

JELD-WEN Inc (JELD)

In a report released today, Alex Rygiel from B.Riley FBR maintained a Hold rating on JELD-WEN Inc, with a price target of $22. The company’s shares closed yesterday at $17.04, close to its 52-week low of $15.04.

Rygiel commented:

“Yesterday morning (11/6), JELD-WEN announced 3Q18 results which were in line with the company’s recent pre-announcement in October. The quarter was negatively impacted by lower-than-expected volumes and production inefficiencies as well a less favorable mix. These issues will most likely continue into 4Q18 with continued headwinds from materials and freight inflation. Management also revealed plans to lower costs going forward through global footprint consolidation and an increased focus on its JEM operational improvement program. Management reiterated its sales and EBITDA guidance for 2018, which was lowered in October. We are lowering our estimates for 2018 and 2019 and are lowering our price target from $30 to $22. We reiterate our Neutral rating until evidence of renewed organic growth, profitable market share gains, and new cost reduction initiatives gain momentum.”

According to TipRanks.com, Rygiel is a 4-star analyst with an average return of 7.9% and a 56.6% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Quanta Services, and MYR Group.

The word on The Street in general, suggests a Hold analyst consensus rating for JELD-WEN Inc with a $23.33 average price target.

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