B. Riley set a $21.00 price target on Jeld-Wen (NYSE:JELD) in a report issued on Monday, TipRanks reports. The brokerage currently has a hold rating on the stock. B. Riley also issued estimates for Jeld-Wen’s Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $1.55 EPS and FY2020 earnings at $1.80 EPS.
Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Jeld-Wen from a hold rating to a sell rating in a report on Tuesday, July 23rd. TheStreet upgraded shares of Jeld-Wen from a d+ rating to a c- rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada set a $23.00 price objective on shares of Jeld-Wen and gave the stock a hold rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $21.58.
Shares of Jeld-Wen stock traded down $0.53 during mid-day trading on Monday, hitting $17.40. 556,344 shares of the stock were exchanged, compared to its average volume of 520,745. Jeld-Wen has a twelve month low of $13.28 and a twelve month high of $26.93. The company has a market cap of $1.84 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.03 and a beta of 2.51. The stock has a 50-day moving average of $20.75. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11.
Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, equities research analysts expect that Jeld-Wen will post 1.64 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Tower Research Capital LLC TRC raised its holdings in Jeld-Wen by 208,100.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock valued at $44,000 after buying an additional 2,081 shares during the period. Acadian Asset Management LLC purchased a new position in Jeld-Wen in the second quarter valued at approximately $49,000. Pearl River Capital LLC purchased a new position in Jeld-Wen in the first quarter valued at approximately $78,000. Aperio Group LLC purchased a new position in Jeld-Wen in the second quarter valued at approximately $117,000. Finally, Bank of Montreal Can raised its holdings in Jeld-Wen by 1,572.7% in the second quarter. Bank of Montreal Can now owns 6,055 shares of the company’s stock valued at $129,000 after buying an additional 5,693 shares during the period. Hedge funds and other institutional investors own 61.64% 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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