JELD-WEN (NYSE:JELD) Now Covered by Analysts at Northcoast Research – MarketBeat

Equities research analysts at Northcoast Research began coverage on shares of JELD-WEN (NYSE:JELD) in a report issued on Tuesday, The Fly reports. The brokerage set a "buy" rating on the stock.

JELD has been the topic of a number of other research reports. Zacks Investment Research cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Thursday, January 14th. Barclays lifted their price target on shares of JELD-WEN from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, November 4th. B. Riley restated a "neutral" rating and issued a $25.00 price objective (up previously from $20.00) on shares of JELD-WEN in a report on Wednesday, November 4th. Credit Suisse Group raised their price objective on JELD-WEN from $18.00 to $19.00 and gave the company an "underperform" rating in a report on Wednesday, November 4th. Finally, Royal Bank of Canada raised their price objective on JELD-WEN from $20.00 to $23.00 in a report on Wednesday, November 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average target price of $21.29.

Shares of NYSE JELD opened at $27.11 on Tuesday. The firm's 50 day simple moving average is $26.05 and its 200-day simple moving average is $23.41. JELD-WEN has a 12 month low of $6.06 and a 12 month high of $30.08. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 48.41, a PEG ratio of 0.81 and a beta of 2.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.93 and a quick ratio of 1.36.

Through Berkshire HathawayWarren Buffett recently dumped $800 million of Apple stock

And bought this instead!

Hes now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.08. JELD-WEN had a net margin of 1.35% and a return on equity of 16.72%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts anticipate that JELD-WEN will post 1.5 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of JELD-WEN by 103.6% during the 2nd quarter. FMR LLC now owns 7,129,184 shares of the company's stock worth $114,851,000 after purchasing an additional 3,627,176 shares during the last quarter. Jennison Associates LLC increased its position in shares of JELD-WEN by 110.2% during the 3rd quarter. Jennison Associates LLC now owns 927,680 shares of the company's stock worth $20,966,000 after purchasing an additional 486,259 shares during the last quarter. AJO LP acquired a new stake in shares of JELD-WEN during the 3rd quarter worth about $5,374,000. RK Capital Management LLC acquired a new stake in shares of JELD-WEN during the 3rd quarter worth about $4,728,000. Finally, Mackay Shields LLC increased its position in shares of JELD-WEN by 226.4% during the 3rd quarter. Mackay Shields LLC now owns 154,400 shares of the company's stock worth $3,490,000 after purchasing an additional 107,100 shares during the last quarter. Institutional investors and hedge funds own 60.86% of the company's stock.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, aluminum, and wood composite windows.

Recommended Story: Does the Dogs of the Dow strategy work?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [emailprotected]

7 Stocks to Buy For the Current Housing Boom

Its been an uneven economic recovery to date. However, one area that is unquestionably booming is the housing market. But the interesting thing is that it took more than low mortgage rates to convince home buyers to take the plunge.

What it took was a pandemic. Think Im kidding? Look at the Housing Market Index (HMI). In September, the HMI posted a preliminary rating of 83. Thats a historical high. And this marks the fifth consecutive month the HMI has increased.

Simply put, Americans have a renewed interest in spreading out. For some urban apartment dwellers, this means a flight to a place of their own. Some that own homes in more densely populated areas are looking for more wide-open spaces.

And regardless of the outcome of the presidential election, the Federal Reserve has indicated it is in no hurry to raise interest rates. This means that mortgage rates should remain favorable no matter which party occupies the White House.

There are many ways for investors to profit from this housing boom. Homebuilder stocks are a logical choice. But other companies will benefit from the rise in homeownership.

To help you capitalize on this red hot sector, weve put together this special presentation.

View the "7 Stocks to Buy For the Current Housing Boom".

Read more here:
JELD-WEN (NYSE:JELD) Now Covered by Analysts at Northcoast Research - MarketBeat