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

Jeld-Wen (NYSE:JELD) had its target price dropped by research analysts at Barclays from $32.00 to $23.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Barclays’ price objective would indicate a potential upside of 33.80% from the company’s current price.

Several other research firms have also recently issued reports on JELD. B. Riley decreased their price objective on shares of Jeld-Wen from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, August 8th. Credit Suisse Group decreased their price objective on shares of Jeld-Wen from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, August 8th. Macquarie initiated coverage on shares of Jeld-Wen in a report on Wednesday, September 26th. They issued a “buy” rating and a $35.00 price objective for the company. Citigroup decreased their price objective on shares of Jeld-Wen from $32.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, August 9th. Finally, Bank of America cut shares of Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 price objective for the company. in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Jeld-Wen presently has an average rating of “Hold” and a consensus target price of $27.27.

Shares of Jeld-Wen stock traded down $0.09 on Tuesday, hitting $17.19. The company had a trading volume of 22,580 shares, compared to its average volume of 806,278. 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 stock has a market capitalization of $2.59 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. Jeld-Wen has a 52 week low of $16.49 and a 52 week high of $42.27.

Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.11). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. On average, analysts forecast that Jeld-Wen will post 1.86 earnings per share for the current fiscal year.

In related news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the completion of the sale, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at $448,277.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.55% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Amalgamated Bank lifted its position in shares of Jeld-Wen by 19.1% in the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after acquiring an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Jeld-Wen by 23.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock valued at $417,000 after acquiring an additional 2,800 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Jeld-Wen by 337.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after acquiring an additional 2,924 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Jeld-Wen in the 2nd quarter valued at approximately $143,000. Finally, Rhumbline Advisers lifted its position in shares of Jeld-Wen by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 67,407 shares of the company’s stock valued at $1,927,000 after acquiring an additional 5,113 shares in the last quarter. Institutional investors and hedge funds 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.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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