JELD-WEN (NYSE:JELD) Price Target Lowered to $9.00 at Royal Bank of Canada

by · The Markets Daily

JELD-WEN (NYSE:JELD – Get Free Report) had its price objective lowered by equities research analysts at Royal Bank of Canada from $13.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s target price points to a potential downside of 17.43% from the company’s previous close.

A number of other equities research analysts have also recently commented on JELD. Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Loop Capital dropped their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Jefferies Financial Group upped their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.90.

View Our Latest Research Report on JELD

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.62 during midday trading on Wednesday, hitting $10.90. 284,759 shares of the company were exchanged, compared to its average volume of 673,449. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a fifty-two week low of $8.90 and a fifty-two week high of $21.75. The business has a fifty day simple moving average of $14.64 and a two-hundred day simple moving average of $14.99. The firm has a market capitalization of $921.49 million, a PE ratio of -5.96 and a beta of 2.25.

JELD-WEN (NYSE:JELD – Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The firm had revenue of $934.70 million during the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, sell-side analysts forecast that JELD-WEN will post 1.29 earnings per share for the current year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now directly owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

Institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after acquiring an additional 764,645 shares in the last quarter. Natixis Advisors LLC boosted its holdings in JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after purchasing an additional 180,511 shares during the period. Empowered Funds LLC grew its stake in JELD-WEN by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 408,487 shares of the company’s stock worth $6,458,000 after purchasing an additional 20,770 shares in the last quarter. MQS Management LLC purchased a new position in shares of JELD-WEN in the 3rd quarter valued at about $160,000. Finally, Victory Capital Management Inc. grew its position in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

About JELD-WEN

(Get Free Report)

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.

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