J.P. Morgan Remains a Hold on PGT (PGTI)

J.P. Morgan analyst Michael Rehaut maintained a Hold rating on PGT (PGTI) today and set a price target of $9.00. The company’s shares closed last Tuesday at $8.39, close to its 52-week low of $7.16.

According to TipRanks.com, Rehaut is a 4-star analyst with an average return of 3.6% and a 53.6% success rate. Rehaut covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, Century Communities, and Mohawk Industries.

Currently, the analyst consensus on PGT is a Moderate Buy with an average price target of $13.33, implying a 56.6% upside from current levels. In a report issued on March 17, B.Riley FBR also downgraded the stock to Hold with a $11.00 price target.

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Based on PGT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $175 million and net profit of $3.28 million. In comparison, last year the company earned revenue of $190 million and had a net profit of $10.47 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock.

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PGT Innovations, Inc. engages in the manufacture and supply of windows and doors under the brand name PGT Custom Windows + Doors; CGI; WinDoor; Western Window Systems; Eze-Breeze; and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in North Venice, FL.

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