Jeld-Wen (NYSE:JELD) has been assigned a $23.00 price target by Bank of America in a research note issued on Thursday. The brokerage currently has a “sell” rating on the stock. Bank of America’s price objective suggests a potential upside of 7.73% from the stock’s previous close.
A number of other equities research analysts have also issued reports on JELD. Zacks Investment Research upgraded Jeld-Wen from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank lowered their target price on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, June 25th. ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Royal Bank of Canada set a $28.00 target price on Jeld-Wen and gave the company a “buy” rating in a research note on Monday, October 8th. Finally, Barclays lowered their target price on Jeld-Wen from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.21.
JELD stock opened at $21.35 on Thursday. The company has a quick ratio of 1.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.91. Jeld-Wen has a 1 year low of $20.62 and a 1 year high of $42.27. The stock has a market capitalization of $2.59 billion, a PE ratio of 14.43, a P/E/G ratio of 0.73 and a beta of 1.64.
Jeld-Wen (NYSE:JELD) last posted its earnings results 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). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Equities analysts predict that Jeld-Wen will post 1.86 earnings per share for the current year.
In related news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the transaction, the executive vice president now owns 17,136 shares of the company’s stock, valued at $448,277.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.55% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in Jeld-Wen by 337.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after buying an additional 2,924 shares during the last quarter. Caption Management LLC bought a new position in Jeld-Wen during the 2nd quarter worth approximately $143,000. Amalgamated Bank lifted its holdings in Jeld-Wen by 19.1% during the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after buying an additional 1,721 shares during the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Jeld-Wen by 78.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock worth $361,000 after buying an additional 5,200 shares during the last quarter. Finally, Koch Industries Inc. lifted its holdings in Jeld-Wen by 104.9% during the 1st quarter. Koch Industries Inc. now owns 13,439 shares of the company’s stock worth $412,000 after buying an additional 6,881 shares during the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.
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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