In a report released yesterday, Keith Hughes from SunTrust Robinson reiterated a Hold rating on JELD-WEN Inc (NYSE: JELD), with a price target of $31. The company’s shares closed yesterday at $26.33, close to its 52-week low of $25.70.
According to TipRanks.com, Hughes is a 5-star analyst with an average return of 21.4% and a 70.4% success rate. Hughes covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Armstrong Ind.
The word on The Street in general, suggests a Hold analyst consensus rating for JELD-WEN Inc with a $32.13 average price target, representing a 22.0% upside. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock.
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Based on JELD-WEN Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $35.5 million. In comparison, last year the company had a net profit of $46.78 million.
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JELD-WEN Holding, Inc. engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.
