Is Major Move Coming For JELD-WEN Holding, Inc. (JELD) After This Bearish Double Bottom Pattern?

September 16, 2018 - By Catherine Diaz

The chart of JELD-WEN Holding, Inc. (JELD) shows a double bottom with $23.93 target or 9.00 % below today’s $26.30 share price. The 7 months chart pattern indicates high risk for the $2.76B company. It was reported on Sep, 16 by Finviz.com. If the $23.93 price target is reached, the company will be worth $248.40 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 2.18% or $0.56 during the last trading session, reaching $26.3. About 594,982 shares traded. JELD-WEN Holding, Inc. (NYSE:JELD) has declined 25.32% since September 16, 2017 and is downtrending. It has underperformed by 40.94% the S&P500.

Analysts await JELD-WEN Holding, Inc. (NYSE:JELD) to report earnings on November, 6. They expect $0.59 EPS, up 7.27 % or $0.04 from last year’s $0.55 per share. JELD’s profit will be $61.92M for 11.14 P/E if the $0.59 EPS becomes a reality. After $0.45 actual EPS reported by JELD-WEN Holding, Inc. for the previous quarter, Wall Street now forecasts 31.11 % EPS growth.

Another recent and important JELD-WEN Holding, Inc. (NYSE:JELD) news was published by 247Wallst.com which published an article titled: “Many Stocks Riding the Waves and Pressure of Hurricane Florence and Other Storms” on September 11, 2018.

JELD-WEN Holding, Inc. manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company has market cap of $2.76 billion. The firm 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, and aluminum windows. It has a 86.8 P/E ratio. It also provides other ancillary services and products, such as shower enclosures and wardrobes, moldings, trim boards, lumber, cutstocks, glass, staircases, hardware and locks, cabinets, and screens, as well as molded door skins, and miscellaneous installation and other services.

JELD-WEN Holding, Inc. (NYSE:JELD) Ratings Chart

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