Bank of America restated their buy rating on shares of Jeld-Wen (NYSE:JELD) in a research report sent to investors on Thursday, MarketBeat reports. They currently have a $41.00 target price on the stock, down from their prior target price of $44.00.
JELD has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and set a $42.00 target price (up from $39.00) on shares of Jeld-Wen in a research note on Thursday. Zacks Investment Research cut Jeld-Wen from a buy rating to a hold rating in a research note on Friday, January 12th. Wells Fargo & Co cut Jeld-Wen from an outperform rating to a market perform rating and set a $37.00 target price for the company. in a research note on Thursday. B. Riley boosted their target price on Jeld-Wen from $33.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, November 15th. Finally, Credit Suisse Group reissued an outperform rating and set a $47.00 target price (up from $41.00) on shares of Jeld-Wen in a research note on Monday, January 22nd. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Jeld-Wen presently has an average rating of Hold and a consensus target price of $39.38.
Jeld-Wen (NYSE JELD) opened at $33.83 on Thursday. Jeld-Wen has a one year low of $27.61 and a one year high of $42.27. The company has a market capitalization of $3,981.61 and a price-to-earnings ratio of 26.64. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Jeld-Wen during the 3rd quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jeld-Wen by 331.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after acquiring an additional 2,706 shares in the last quarter. Strs Ohio acquired a new position in shares of Jeld-Wen during the 4th quarter worth about $149,000. Virtu Financial LLC acquired a new position in shares of Jeld-Wen during the 4th quarter worth about $205,000. Finally, Breton Hill Capital Ltd. acquired a new position in shares of Jeld-Wen during the 3rd quarter worth about $208,000. 48.49% of the stock is owned by institutional investors and hedge funds.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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