Jeld-Wen (JELD) Price Target Lowered to $23.00 at Barclays

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Jeld-Wen (NYSE:JELD) had its price target lowered by Barclays from $32.00 to $23.00 in a report released on Tuesday. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on JELD. Bank of America set a $23.00 target price on Jeld-Wen and gave the company a sell rating in a research note on Thursday, October 11th. Zacks Investment Research upgraded Jeld-Wen from a strong sell rating to a hold rating in a research note on Wednesday, October 10th. 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. Robert W. Baird lowered Jeld-Wen from an outperform rating to a neutral rating and cut their target price for the company from $34.00 to $23.00 in a research note on Monday, October 8th. Finally, Goldman Sachs Group began coverage on Jeld-Wen in a research note on Tuesday, October 2nd. They issued a buy rating and a $31.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $27.27.

JELD opened at $16.94 on Tuesday. Jeld-Wen has a 1-year low of $16.49 and a 1-year high of $42.27. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21. The company has a market capitalization of $1.80 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.55 and a beta of 1.64.

Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share 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. As a group, sell-side analysts predict that Jeld-Wen will post 1.7 EPS for the current year.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction on Tuesday, September 18th. The stock was 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 directly owns 17,136 shares in the company, valued at $448,277.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.55% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its stake in Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after acquiring an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Jeld-Wen by 23.7% during the second quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock worth $417,000 after acquiring an additional 2,800 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after acquiring an additional 2,924 shares in the last quarter. Caption Management LLC acquired a new position in Jeld-Wen during the second quarter worth $143,000. Finally, Rhumbline Advisers raised its stake in Jeld-Wen by 8.2% during the second quarter. Rhumbline Advisers now owns 67,407 shares of the company’s stock worth $1,927,000 after acquiring an additional 5,113 shares in the last quarter. Hedge funds and other institutional investors own 64.43% of the company’s stock.

Jeld-Wen Company Profile

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.

Read More: Market Capitalization – What it Means for Investors

Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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