JELD-WEN (NYSE:JELD) Price Target Cut to $8.00 by Analysts at Loop Capital

JELD-WEN (NYSE:JELD) had its price target cut by Loop Capital from $10.00 to $8.00 in a research note published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on JELD. Royal Bank of Canada reduced their target price on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday. B. Riley reduced their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. UBS Group reduced their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group cut their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays cut their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, JELD-WEN currently has an average rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Price Performance

Shares of JELD stock opened at $5.97 on Wednesday. The stock has a market capitalization of $504.76 million, a price-to-earnings ratio of -2.67 and a beta of 2.17. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a twelve month low of $5.79 and a twelve month high of $21.75. The stock has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $11.75.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The business had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. On average, analysts predict that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 125,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $7.90 per share, for a total transaction of $987,500.00. Following the completion of the purchase, the insider now directly owns 12,042,190 shares of the company’s stock, valued at $95,133,301. This represents a 1.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 310,000 shares of company stock worth $2,463,500 over the last quarter. 1.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Performa Ltd US LLC lifted its position 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 valued at $34,000 after acquiring an additional 3,950 shares in the last quarter. Quarry LP purchased a new position in shares of JELD-WEN in the fourth quarter valued at approximately $46,000. US Bancorp DE lifted its position in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares in the last quarter. Finally, MQS Management LLC purchased a new position in shares of JELD-WEN in the third quarter valued at approximately $160,000. 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.