JELD-WEN (NYSE:JELD) Price Target Cut to $1.50 by Analysts at Barclays

JELD-WEN (NYSE:JELD) had its price target decreased by analysts at Barclays from $2.00 to $1.50 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 52.28% from the company’s current price.

Several other equities analysts also recently commented on JELD. Wall Street Zen upgraded shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. UBS Group boosted their target price on JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $1.98.

JELD-WEN Price Performance

Shares of NYSE:JELD traded down $0.10 during midday trading on Thursday, hitting $0.98. The company’s stock had a trading volume of 1,963,736 shares, compared to its average volume of 1,733,610. The company has a market cap of $85.46 million, a P/E ratio of -0.51 and a beta of 2.28. JELD-WEN has a 12-month low of $0.93 and a 12-month high of $3.27. The business’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.74. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. JELD-WEN had a negative net margin of 5.26% and a negative return on equity of 365.10%. The business had revenue of $798.51 million during the quarter, compared to analysts’ expectations of $804.29 million.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Miller Value Partners LLC purchased a new stake in JELD-WEN in the 2nd quarter valued at approximately $10,709,000. BlackRock Inc. purchased a new stake in JELD-WEN during the 2nd quarter worth about $3,668,000. Jefferies Financial Group Inc. acquired a new position in JELD-WEN in the 2nd quarter valued at about $1,133,000. Bank of America Corp DE purchased a new stake in shares of JELD-WEN during the second quarter worth about $723,000. Finally, GSA Capital Partners LLP acquired a new stake in JELD-WEN during the second quarter worth approximately $691,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.