Macquarie set a $27.00 price objective on Jeld-Wen (NYSE:JELD) in a report released on Tuesday. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently weighed in on the company. Bank of America cut Jeld-Wen from a neutral rating to an underperform rating and set a $29.00 price objective for the company. in a research report on Wednesday, August 8th. Robert W. Baird cut Jeld-Wen from an outperform rating to a neutral rating and cut their price objective for the stock from $34.00 to $23.00 in a research report on Monday, October 8th. Citigroup cut their price objective on Jeld-Wen from $32.00 to $27.00 and set a hold rating for the company in a research report on Thursday, August 9th. Zacks Investment Research cut Jeld-Wen from a hold rating to a sell rating in a research report on Wednesday, July 11th. Finally, B. Riley cut their price objective on Jeld-Wen from $37.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday, August 8th. Two investment 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. Jeld-Wen has an average rating of Hold and an average target price of $27.27.
NYSE JELD opened at $17.08 on Tuesday. Jeld-Wen has a twelve month low of $16.49 and a twelve month high of $42.27. The company has a quick ratio of 1.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.81 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.64.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, analysts expect that Jeld-Wen will post 1.7 EPS for the current year.
In related news, EVP Peter Maxwell sold 4,982 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total transaction of $130,329.12. Following the transaction, the executive vice president now directly owns 17,136 shares in the company, valued at $448,277.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.55% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake 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 purchasing an additional 2,924 shares during the period. Caption Management LLC acquired a new position in shares of Jeld-Wen in the 2nd quarter worth approximately $143,000. Summit Trail Advisors LLC lifted its holdings in Jeld-Wen by 2,656.7% during the 1st quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock worth $201,000 after buying an additional 193,409 shares in the last quarter. Amalgamated Bank lifted its holdings in Jeld-Wen by 19.1% during the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after buying an additional 1,721 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in Jeld-Wen by 78.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock worth $361,000 after buying an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 64.43% 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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