Jeld-Wen’s (JELD) Sell Rating Reiterated at Bank of America

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Jeld-Wen (NYSE:JELD)‘s stock had its “sell” rating restated by Bank of America in a note issued to investors on Monday, AnalystRatings.com reports. They currently have a $18.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 8.37% from the company’s previous close.

A number of other research firms have also recently weighed in on JELD. Royal Bank of Canada set a $23.00 price objective on Jeld-Wen and gave the stock a “hold” rating in a research report on Wednesday, May 8th. B. Riley set a $21.00 price target on Jeld-Wen and gave the stock a “hold” rating in a research report on Monday, August 12th. Zacks Investment Research cut Jeld-Wen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, TheStreet raised Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $21.17.

Shares of NYSE:JELD traded up $0.10 on Monday, reaching $16.61. The company’s stock had a trading volume of 15,345 shares, compared to its average volume of 435,335. Jeld-Wen has a 52-week low of $13.28 and a 52-week high of $26.80. The company has a market cap of $1.66 billion, a P/E ratio of 10.44, a PEG ratio of 0.99 and a beta of 2.51. The company has a 50-day simple moving average of $19.60 and a 200 day simple moving average of $19.76. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.96 and a current ratio of 1.66.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. Jeld-Wen’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts forecast that Jeld-Wen will post 1.55 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of Jeld-Wen by 2.3% during the first quarter. Comerica Bank now owns 25,620 shares of the company’s stock worth $494,000 after buying an additional 588 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Jeld-Wen by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,441 shares of the company’s stock valued at $307,000 after purchasing an additional 1,078 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of Jeld-Wen by 7.3% during the 2nd quarter. Alambic Investment Management L.P. now owns 16,100 shares of the company’s stock valued at $342,000 after acquiring an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Jeld-Wen by 6.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,853 shares of the company’s stock worth $422,000 after buying an additional 1,160 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Jeld-Wen by 1.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,891 shares of the company’s stock worth $1,696,000 after buying an additional 1,443 shares during the period. Institutional investors own 61.32% 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.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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