JELD-WEN (NYSE:JELD) Price Target Lowered to $10.00 at Barclays

JELD-WEN (NYSE:JELD) had its price target decreased by Barclays from $13.00 to $10.00 in a research report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital decreased their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. Jefferies Financial Group increased their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.50.

JELD-WEN Stock Performance

NYSE:JELD traded down $0.47 during mid-day trading on Wednesday, reaching $10.40. The company’s stock had a trading volume of 349,845 shares, compared to its average volume of 669,512. JELD-WEN has a 12-month low of $8.90 and a 12-month high of $21.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average price is $14.72 and its two-hundred day moving average price is $15.03. The stock has a market cap of $879.22 million, a P/E ratio of -5.94 and a beta of 2.25.

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

Institutional Investors Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares during the period. BNP Paribas Financial Markets increased its stake in shares of JELD-WEN by 26.6% during the 1st quarter. BNP Paribas Financial Markets now owns 52,153 shares of the company’s stock valued at $1,107,000 after acquiring an additional 10,943 shares during the last quarter. Empowered Funds LLC raised its position in shares of JELD-WEN by 8.2% in the 1st quarter. Empowered Funds LLC now owns 359,817 shares of the company’s stock worth $7,639,000 after buying an additional 27,234 shares during the period. Russell Investments Group Ltd. lifted its position in JELD-WEN by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 111,135 shares of the company’s stock valued at $2,359,000 after buying an additional 12,330 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of JELD-WEN by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after buying an additional 1,205 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

About JELD-WEN

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.