Jeld-Wen (JELD) Given a $28.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $28.00 price objective on Jeld-Wen (NYSE:JELD) in a research note issued to investors on Monday morning, The Fly reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird cut Jeld-Wen from an outperform rating to a neutral rating and decreased their target price for the stock from $34.00 to $23.00 in a report on Monday. Barclays decreased their price target on Jeld-Wen from $37.00 to $35.00 and set an overweight rating for the company in a report on Wednesday, August 8th. B. Riley decreased their price target on Jeld-Wen from $37.00 to $30.00 and set a neutral rating for the company in a report on Wednesday, August 8th. Bank of America cut Jeld-Wen from a neutral rating to an underperform rating and set a $29.00 price target for the company. in a report on Wednesday, August 8th. Finally, Citigroup decreased their price target on Jeld-Wen from $32.00 to $27.00 and set a hold rating for the company in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Jeld-Wen currently has a consensus rating of Hold and a consensus price target of $30.86.

Shares of NYSE:JELD opened at $23.86 on Monday. 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 has a 1 year low of $21.66 and a 1 year high of $42.27. The stock has a market cap of $2.59 billion, a PE ratio of 16.12, a PEG ratio of 0.73 and a beta of 1.64.

Jeld-Wen (NYSE:JELD) last issued its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. As a group, sell-side analysts forecast that Jeld-Wen will post 1.86 EPS for the current year.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at approximately $448,277.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.55% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JELD. Amalgamated Bank raised its position in shares of Jeld-Wen by 19.1% during the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after acquiring an additional 1,721 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Jeld-Wen by 17.2% during the 2nd quarter. Systematic Financial Management LP now owns 419,119 shares of the company’s stock valued at $11,983,000 after acquiring an additional 61,386 shares in the last quarter. IMS Capital Management raised its position in shares of Jeld-Wen by 33.0% during the 2nd quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after acquiring an additional 475,707 shares in the last quarter. Davidson Kempner Capital Management LP raised its position in shares of Jeld-Wen by 146.2% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock valued at $22,872,000 after acquiring an additional 475,000 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Jeld-Wen by 9.5% during the 2nd quarter. Swiss National Bank now owns 145,800 shares of the company’s stock valued at $4,168,000 after acquiring an additional 12,700 shares in the last quarter. 64.43% of the stock is currently owned by institutional investors.

About Jeld-Wen

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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