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

JELD-WEN (NYSE:JELD) had its price objective reduced by B. Riley from $17.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley’s price target points to a potential upside of 35.92% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a 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 research report on Friday, July 19th. 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 research report on Wednesday. Jefferies Financial Group lifted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays lowered their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.90.

JELD-WEN Price Performance

JELD stock traded down $0.57 during trading on Thursday, reaching $10.30. 1,000,378 shares of the company were exchanged, compared to its average volume of 672,653. The company has a 50-day moving average of $14.72 and a two-hundred day moving average of $15.03. The company has a market capitalization of $870.76 million, a price-to-earnings ratio of -5.63 and a beta of 2.25. JELD-WEN has a twelve month low of $8.90 and a twelve month high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

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

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Innealta Capital LLC purchased a new position in JELD-WEN in the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC grew its stake in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares in the last quarter. Blue Trust Inc. grew its stake in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares in the last quarter. nVerses Capital LLC purchased a new position in JELD-WEN in the 2nd quarter worth approximately $92,000. Finally, MQS Management LLC purchased a new stake in shares of JELD-WEN in the 3rd quarter valued at $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.