Jeld-Wen (JELD) Lowered to “Hold” at Deutsche Bank

Jeld-Wen (NYSE:JELD) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a $36.00 price objective on the stock, down from their prior price objective of $42.27. Deutsche Bank’s price objective would suggest a potential upside of 13.60% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, February 1st. Robert W. Baird reiterated an “outperform” rating and issued a $42.00 price objective (down from $46.00) on shares of Jeld-Wen in a research note on Thursday, February 22nd. Royal Bank of Canada set a $42.00 price objective on Jeld-Wen and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays set a $44.00 price objective on Jeld-Wen and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Bank of America reiterated a “buy” rating and issued a $41.00 price objective (down from $44.00) on shares of Jeld-Wen in a research note on Thursday, February 22nd. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.79.

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Shares of Jeld-Wen stock opened at $31.69 on Thursday. Jeld-Wen has a 12 month low of $27.61 and a 12 month high of $42.27. The firm has a market capitalization of $3,540.13, a P/E ratio of -792.25, a PEG ratio of 1.08 and a beta of 2.76. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 1.60.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). Jeld-Wen had a net margin of 0.29% and a return on equity of 18.76%. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1 billion. The company’s quarterly revenue was up .3% on a year-over-year basis. sell-side analysts predict that Jeld-Wen will post 2.22 earnings per share for the current year.

In other news, Director Patrick Wright Tolbert acquired 2,860 shares of Jeld-Wen stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $30.88 per share, with a total value of $88,316.80. Following the acquisition, the director now owns 4,343 shares in the company, valued at $134,111.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Roderick Wendt sold 30,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Jeld-Wen by 19.6% during the 4th quarter. BlackRock Inc. now owns 5,132,892 shares of the company’s stock worth $202,082,000 after buying an additional 841,506 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Jeld-Wen by 21.1% in the 4th quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock valued at $187,243,000 after purchasing an additional 829,539 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Jeld-Wen by 31.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,097 shares of the company’s stock valued at $112,009,000 after purchasing an additional 762,211 shares during the period. Empire Life Investments Inc. lifted its stake in shares of Jeld-Wen by 4.8% in the 3rd quarter. Empire Life Investments Inc. now owns 1,647,321 shares of the company’s stock valued at $58,513,000 after purchasing an additional 75,515 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Jeld-Wen by 134.3% in the 4th quarter. Jennison Associates LLC now owns 1,265,084 shares of the company’s stock valued at $49,806,000 after purchasing an additional 725,186 shares during the period. 53.83% of the stock is currently owned by hedge funds and other institutional investors.

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About Jeld-Wen

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.

Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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