Credit Suisse Group restated their outperform rating on shares of Jeld-Wen (NYSE:JELD) in a research note published on Monday morning. The firm currently has a $47.00 target price on the stock, up from their previous target price of $41.00. The analysts noted that the move was a valuation call.
JELD has been the subject of several other research reports. Zacks Investment Research upgraded shares of Jeld-Wen from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Monday, October 23rd. B. Riley upped their target price on shares of Jeld-Wen from $33.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, November 15th. Barclays upped their target price on shares of Jeld-Wen from $37.00 to $39.00 and gave the stock an overweight rating in a research note on Wednesday, November 8th. Robert W. Baird reiterated a buy rating and issued a $46.00 target price on shares of Jeld-Wen in a research note on Tuesday, January 9th. Finally, ValuEngine lowered shares of Jeld-Wen from a buy rating to a hold rating in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Jeld-Wen has a consensus rating of Buy and a consensus price target of $38.87.
Jeld-Wen (NYSE:JELD) traded up $0.50 on Monday, reaching $40.78. 433,300 shares of the company’s stock traded hands, compared to its average volume of 554,071. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. Jeld-Wen has a 1 year low of $24.95 and a 1 year high of $42.27. The firm has a market capitalization of $4,290.00 and a P/E ratio of -18.45.
Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Jeld-Wen had a net margin of 9.12% and a return on equity of 58.83%. The firm had revenue of $991.40 million during the quarter, compared to analyst estimates of $974.98 million. The company’s revenue was up 6.3% on a year-over-year basis. analysts forecast that Jeld-Wen will post 1.62 earnings per share for the current year.
In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 156,029 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the transaction, the chairman now owns 413,930 shares in the company, valued at $13,552,068.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John R. Linker sold 7,235 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $236,873.90. Following the transaction, the senior vice president now owns 14,453 shares of the company’s stock, valued at approximately $473,191.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,672,683 shares of company stock valued at $1,560,803,641.
A number of large investors have recently modified their holdings of JELD. Schwab Charles Investment Management Inc. boosted its position in Jeld-Wen by 355.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 135,093 shares of the company’s stock worth $4,386,000 after purchasing an additional 105,445 shares during the period. Rhumbline Advisers bought a new position in Jeld-Wen during the second quarter worth about $862,000. Bank of New York Mellon Corp boosted its position in Jeld-Wen by 26.5% during the second quarter. Bank of New York Mellon Corp now owns 92,424 shares of the company’s stock worth $3,000,000 after purchasing an additional 19,355 shares during the period. Legal & General Group Plc boosted its position in Jeld-Wen by 177.8% during the second quarter. Legal & General Group Plc now owns 11,056 shares of the company’s stock worth $359,000 after purchasing an additional 7,076 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Jeld-Wen during the second quarter worth about $105,000. Hedge funds and other institutional investors own 40.75% of the company’s stock.
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Jeld-Wen Company Profile
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.
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