JELD-WEN (NYSE:JELD) Price Target Cut to $14.00 by Analysts at B. Riley

JELD-WEN (NYSE:JELD) had its price target lowered by investment analysts at B. Riley from $17.00 to $14.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s target price suggests a potential upside of 35.92% from the stock’s current price.

Several other analysts also recently commented on the stock. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Loop Capital dropped their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Barclays dropped their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average price target of $14.90.

JELD-WEN Trading Down 5.2 %

NYSE:JELD traded down $0.57 during midday trading on Thursday, reaching $10.30. 1,000,378 shares of the stock traded hands, compared to its average volume of 672,653. The company has a fifty day moving average of $14.72 and a 200 day moving average of $15.03. JELD-WEN has a 12 month low of $8.90 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market capitalization of $870.76 million, a P/E ratio of -5.63 and a beta of 2.25.

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

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently made changes to their positions in JELD. Innealta Capital LLC bought a new stake in shares of JELD-WEN during the second quarter worth $30,000. Allspring Global Investments Holdings LLC raised its holdings in shares of JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of JELD-WEN in the second quarter valued at about $92,000. Finally, MQS Management LLC bought a new stake in shares of JELD-WEN in the third quarter valued at about $160,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

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.