TheStreet Downgrades Jeld-Wen (JELD) to D+

Jeld-Wen (NYSE:JELD) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Thursday.

Other research analysts have also issued research reports about the stock. Barclays reduced their price objective on shares of Jeld-Wen from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 9th. Royal Bank of Canada set a $28.00 price objective on shares of Jeld-Wen and gave the stock a “buy” rating in a research note on Monday, October 8th. Goldman Sachs Group assumed coverage on shares of Jeld-Wen in a research note on Tuesday, October 2nd. They set a “buy” rating and a $31.00 price objective for the company. Macquarie assumed coverage on shares of Jeld-Wen in a research note on Wednesday, September 26th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Citigroup reduced their price objective on shares of Jeld-Wen from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Jeld-Wen currently has a consensus rating of “Hold” and a consensus target price of $27.27.

Shares of NYSE:JELD traded down $0.19 during trading hours on Thursday, hitting $16.94. The company’s stock had a trading volume of 798,298 shares, compared to its average volume of 1,266,571. Jeld-Wen has a 52 week low of $16.49 and a 52 week high of $42.27. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03. The firm has a market cap of $1.80 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.55 and a beta of 1.64.

Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.11). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. On average, research analysts predict that Jeld-Wen will post 1.7 EPS for the current fiscal year.

In related news, EVP Peter Maxwell sold 4,982 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the transaction, the executive vice president now owns 17,136 shares in the company, valued at approximately $448,277.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.55% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC increased its stake in Jeld-Wen by 2.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 585,897 shares of the company’s stock valued at $14,448,000 after purchasing an additional 15,470 shares in the last quarter. Northern Trust Corp increased its stake in Jeld-Wen by 4.8% during the 2nd quarter. Northern Trust Corp now owns 838,167 shares of the company’s stock valued at $23,963,000 after purchasing an additional 38,118 shares in the last quarter. Davidson Kempner Capital Management LP increased its stake in 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 purchasing an additional 475,000 shares in the last quarter. California Public Employees Retirement System increased its stake in Jeld-Wen by 26.9% during the 2nd quarter. California Public Employees Retirement System now owns 41,889 shares of the company’s stock valued at $1,198,000 after purchasing an additional 8,889 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Jeld-Wen by 42.4% during the 2nd quarter. Macquarie Group Ltd. now owns 51,631 shares of the company’s stock valued at $1,476,000 after purchasing an additional 15,376 shares in the last quarter. Institutional investors and hedge funds own 64.43% of the company’s stock.

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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