Media stories about JELD-WEN (NYSE:JELD) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JELD-WEN earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.5912590140063 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Head to Head Survey: Masonite International (DOOR) versus JELD-WEN (JELD) (americanbankingnews.com)
- Critical Survey: JELD-WEN (JELD) vs. PGT (PGTI) (americanbankingnews.com)
- JELD-WEN Holding, Inc. (JELD) Reports Debt Refinancing, Amendments of Credit Facilities – StreetInsider.com (streetinsider.com)
- JELD-WEN, Inc. — Moody’s upgrades JELD-WEN to Ba3, rates proposed unsecured notes at B1 (finance.yahoo.com)
JELD has been the topic of several research analyst reports. J P Morgan Chase & Co raised shares of JELD-WEN from a “neutral” rating to an “overweight” rating and increased their price target for the company from $34.00 to $38.00 in a report on Wednesday, September 6th. Goldman Sachs Group raised shares of JELD-WEN from a “neutral” rating to a “buy” rating and increased their price target for the company from $35.00 to $37.00 in a report on Wednesday, September 6th. Bank of America raised shares of JELD-WEN from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $40.00 in a report on Thursday, September 7th. Zacks Investment Research raised shares of JELD-WEN from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, October 23rd. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of JELD-WEN in a report on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. JELD-WEN currently has a consensus rating of “Buy” and an average target price of $37.27.
JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts expect that JELD-WEN will post 1.59 EPS for the current year.
In other JELD-WEN news, Chairman Kirk S. Hachigian sold 156,029 shares of JELD-WEN stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the sale, the chairman now directly owns 413,930 shares of the company’s stock, valued at $13,552,068.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Onex sold 12,465,047 shares of JELD-WEN stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total transaction of $408,105,638.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,672,683 shares of company stock worth $1,560,803,641.
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JELD-WEN Company Profile
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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