Royal Bank of Canada Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price target lowered by analysts at Royal Bank of Canada from $7.00 to $5.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 14.12% from the stock’s current price.

JELD has been the topic of a number of other reports. UBS Group reduced their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. B. Riley reduced their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group dropped their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.06.

JELD-WEN Stock Performance

JELD traded down $0.92 on Wednesday, reaching $5.82. The company had a trading volume of 1,314,278 shares, compared to its average volume of 806,749. JELD-WEN has a fifty-two week low of $5.94 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market cap of $492.66 million, a P/E ratio of -3.23 and a beta of 2.17. The company’s fifty day moving average is $8.91 and its 200 day moving average is $11.95.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. As a group, analysts predict that JELD-WEN will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $8.46 per share, with a total value of $634,500.00. Following the completion of the transaction, the insider now owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 310,000 shares of company stock worth $2,463,500 in the last quarter. 1.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently made changes to their positions in the business. Performa Ltd US LLC boosted its stake in shares of JELD-WEN by 1,580.0% in the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after acquiring an additional 3,950 shares during the period. Blue Trust Inc. grew its holdings in JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares in the last quarter. Quarry LP bought a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $46,000. US Bancorp DE boosted its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in JELD-WEN during the 4th quarter valued at approximately $83,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

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.