Jeld-Wen (JELD) Given a $23.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $23.00 target price on Jeld-Wen (NYSE:JELD) in a research note released on Tuesday, The Fly reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also recently commented on JELD. Deutsche Bank reduced their target price on shares of Jeld-Wen from $35.00 to $31.00 and set a hold rating on the stock in a research report on Monday, June 25th. Barclays set a $23.00 target price on shares of Jeld-Wen and gave the stock a buy rating in a research report on Tuesday. Zacks Investment Research raised shares of Jeld-Wen from a strong sell rating to a hold rating in a research report on Wednesday, October 10th. SunTrust Banks reduced their target price on shares of Jeld-Wen to $19.00 and set a hold rating on the stock in a research report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of Jeld-Wen from $23.00 to $19.00 and set a neutral rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $27.27.

NYSE JELD opened at $17.49 on Tuesday. Jeld-Wen has a 52 week low of $16.49 and a 52 week high of $42.27. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03. The firm has a market cap of $2.59 billion, a PE ratio of 11.82, a PEG ratio of 0.73 and a beta of 1.64.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, equities research analysts anticipate that Jeld-Wen will post 1.86 earnings per share for the current year.

In related news, EVP Peter Maxwell sold 4,982 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total value of $130,329.12. Following 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.55% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of JELD. Pzena Investment Management LLC raised its holdings in Jeld-Wen by 19.6% in the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock valued at $194,191,000 after acquiring an additional 1,112,746 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Jeld-Wen by 333.3% in the first quarter. Handelsbanken Fonder AB now owns 780,000 shares of the company’s stock valued at $23,884,000 after acquiring an additional 600,000 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Jeld-Wen in the first quarter valued at $15,085,000. IMS Capital Management raised its holdings in Jeld-Wen by 33.0% in the second quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock valued at $54,859,000 after acquiring an additional 475,707 shares in the last quarter. Finally, Davidson Kempner Capital Management LP raised its holdings in Jeld-Wen by 146.2% in the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock valued at $22,872,000 after acquiring an additional 475,000 shares in the last quarter. 64.43% of the stock is currently owned by hedge funds and other institutional investors.

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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