Jeld-Wen (NYSE:JELD) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, The Fly reports. They currently have a $23.00 target price on the stock, down from their prior target price of $34.00. Robert W. Baird’s price target suggests a potential downside of 4.52% from the stock’s current price.
JELD has been the topic of a number of other reports. ValuEngine cut Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Zacks Investment Research cut Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Goldman Sachs Group began coverage on Jeld-Wen in a research report on Tuesday, October 2nd. They set a “buy” rating and a $31.00 price objective on the stock. Deutsche Bank lowered their price objective on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, June 25th. Finally, Barclays lowered their price objective on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.86.
Shares of JELD stock opened at $24.09 on Monday. Jeld-Wen has a 12 month low of $23.44 and a 12 month high of $42.27. The company has a market cap of $2.59 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. Equities analysts anticipate that Jeld-Wen will post 1.86 earnings per share for the current fiscal year.
In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total value of $130,329.12. Following the sale, the executive vice president now directly owns 17,136 shares in the company, valued at $448,277.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.55% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in Jeld-Wen by 4.8% in the second quarter. Northern Trust Corp now owns 838,167 shares of the company’s stock worth $23,963,000 after purchasing an additional 38,118 shares in the last quarter. Davidson Kempner Capital Management LP boosted its stake in Jeld-Wen by 146.2% in the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after purchasing an additional 475,000 shares in the last quarter. California Public Employees Retirement System boosted its stake in Jeld-Wen by 26.9% in the second quarter. California Public Employees Retirement System now owns 41,889 shares of the company’s stock worth $1,198,000 after purchasing an additional 8,889 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Jeld-Wen by 42.4% in the second quarter. Macquarie Group Ltd. now owns 51,631 shares of the company’s stock worth $1,476,000 after purchasing an additional 15,376 shares in the last quarter. Finally, Caption Management LLC acquired a new position in Jeld-Wen in the second quarter worth $143,000. 64.43% of the stock is currently owned by institutional investors.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc 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, and aluminum windows.
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