The Goldman Sachs Group Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price target reduced by The Goldman Sachs Group from $9.00 to $8.00 in a research report sent to investors on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts also recently commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $9.00 price objective (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $5.97 on Wednesday. The company has a market cap of $504.76 million, a price-to-earnings ratio of -2.67 and a beta of 2.17. The company has a 50-day moving average price of $8.56 and a 200-day moving average price of $11.75. 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 12 month low of $5.79 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, equities analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the acquisition, the insider now owns 12,320,226 shares in the company, valued at $104,229,111.96. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased a total of 310,000 shares of company stock valued at $2,463,500 over the last three months. Corporate insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently bought and sold shares of the business. Performa Ltd US LLC grew its holdings in 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 purchasing an additional 3,950 shares during the period. Blue Trust Inc. grew its holdings in JELD-WEN by 79.8% in 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 during the period. Quarry LP purchased a new stake in JELD-WEN in the fourth quarter worth about $46,000. US Bancorp DE grew its holdings 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 valued at $80,000 after buying an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of JELD-WEN during the fourth 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.