Shares of Jeld-Wen Holding Inc (NYSE:JELD) have been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $33.42.
Several research analysts have recently commented on JELD shares. Barclays set a $37.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, May 1st. Citigroup lowered their price objective on Jeld-Wen from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday. Deutsche Bank lowered their price objective on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, June 25th. Finally, Jefferies Financial Group started coverage on Jeld-Wen in a research report on Tuesday, April 17th. They issued a “hold” rating and a $32.00 price objective for the company.
Shares of NYSE JELD traded down $0.81 during midday trading on Tuesday, hitting $24.59. 1,085,103 shares of the company’s stock were exchanged, compared to its average volume of 872,659. Jeld-Wen has a 12-month low of $23.44 and a 12-month high of $42.27. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.73 and a beta of 2.00.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.11). Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. analysts predict that Jeld-Wen will post 1.86 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after acquiring an additional 2,924 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Jeld-Wen by 387.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,098 shares of the company’s stock valued at $240,000 after acquiring an additional 4,848 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Jeld-Wen during the fourth quarter valued at approximately $260,000. Amalgamated Bank raised its holdings in shares of Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after acquiring an additional 1,721 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Jeld-Wen by 41.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,938 shares of the company’s stock valued at $396,000 after acquiring an additional 3,798 shares in the last quarter. Institutional investors own 61.88% of the company’s stock.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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