JELD-WEN (NYSE:JELD) PT Lowered to $13.00

JELD-WEN (NYSE:JELD) had its target price decreased by Barclays from $15.00 to $13.00 in a research report report published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research analysts also recently weighed in on the stock. UBS Group reduced their price target on shares of JELD-WEN from $22.00 to $19.00 and set a buy rating for the company in a research report on Wednesday, May 8th. StockNews.com cut JELD-WEN from a buy rating to a hold rating in a report on Wednesday, May 8th. Royal Bank of Canada lowered their price target on JELD-WEN from $16.00 to $13.00 and set an underperform rating on the stock in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group dropped their price target on JELD-WEN from $19.00 to $14.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $17.40.

JELD-WEN Stock Performance

Shares of JELD stock opened at $14.66 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 1.46. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.75. The business’s 50 day moving average is $14.24 and its two-hundred day moving average is $17.36. The company has a market capitalization of $1.26 billion, a P/E ratio of 63.74 and a beta of 2.28.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, May 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. The business had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. Analysts expect that JELD-WEN will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of JELD-WEN by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 8,790,549 shares of the company’s stock valued at $117,442,000 after buying an additional 344,435 shares during the period. Ziegler Capital Management LLC increased its holdings in JELD-WEN by 5.8% in the 4th quarter. Ziegler Capital Management LLC now owns 43,930 shares of the company’s stock valued at $829,000 after purchasing an additional 2,392 shares during the last quarter. Raymond James & Associates raised its holdings in shares of JELD-WEN by 6.8% in the 4th quarter. Raymond James & Associates now owns 128,103 shares of the company’s stock valued at $2,419,000 after buying an additional 8,204 shares during the period. Assenagon Asset Management S.A. increased its stake in JELD-WEN by 22.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 314,880 shares of the company’s stock worth $5,945,000 after purchasing an additional 56,807 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in JELD-WEN during the 4th quarter worth approximately $125,000. 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.