Jeld-Wen (NYSE:JELD) had its target price cut by stock analysts at Deutsche Bank from $35.00 to $31.00 in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 8.09% from the company’s current price.
A number of other equities research analysts have also recently commented on the company. Barclays reiterated a “buy” rating and set a $39.00 target price on shares of Jeld-Wen in a report on Sunday, February 25th. Citigroup reiterated a “hold” rating and set a $35.00 target price (down previously from $37.00) on shares of Jeld-Wen in a report on Thursday, March 1st. Credit Suisse Group cut Jeld-Wen from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Jefferies Financial Group assumed coverage on Jeld-Wen in a report on Tuesday, April 17th. They set a “hold” rating and a $32.00 target price on the stock. Finally, ValuEngine cut Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $37.29.
Shares of Jeld-Wen opened at $28.68 on Monday, Marketbeat Ratings reports. The company has a market cap of $3.05 billion, a P/E ratio of 19.38, a P/E/G ratio of 0.63 and a beta of 2.34. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.13 and a current ratio of 1.96. Jeld-Wen has a 1 year low of $26.32 and a 1 year high of $42.27.
Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $946.20 million for the quarter, compared to analysts’ expectations of $908.71 million. Jeld-Wen had a return on equity of 21.18% and a net margin of 1.16%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. equities research analysts forecast that Jeld-Wen will post 2.1 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in shares of Jeld-Wen by 19.4% during the first quarter. Pzena Investment Management LLC now owns 5,679,507 shares of the company’s stock worth $173,907,000 after purchasing an additional 923,520 shares during the last quarter. Hound Partners LLC boosted its holdings in shares of Jeld-Wen by 1,758.2% during the first quarter. Hound Partners LLC now owns 5,326,194 shares of the company’s stock worth $163,088,000 after purchasing an additional 5,039,555 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Jeld-Wen by 19.6% during the fourth quarter. BlackRock Inc. now owns 5,132,892 shares of the company’s stock worth $202,082,000 after purchasing an additional 841,506 shares during the last quarter. Cannell Peter B & Co. Inc. boosted its holdings in shares of Jeld-Wen by 11.6% during the first quarter. Cannell Peter B & Co. Inc. now owns 1,520,187 shares of the company’s stock worth $46,548,000 after purchasing an additional 158,075 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Jeld-Wen by 7.2% during the first quarter. Epoch Investment Partners Inc. now owns 1,017,108 shares of the company’s stock worth $31,144,000 after purchasing an additional 68,132 shares during the last quarter. Institutional investors and hedge funds own 61.83% of the company’s stock.
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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