UBS Group Lowers JELD-WEN (NYSE:JELD) Price Target to $15.00

JELD-WEN (NYSE:JELD) had its target price reduced by UBS Group from $19.00 to $15.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays dropped 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 report on Wednesday. Loop Capital dropped their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, JELD-WEN currently has an average rating of “Hold” and an average price target of $15.50.

JELD-WEN Stock Performance

Shares of JELD stock traded down $0.03 during trading hours on Wednesday, reaching $10.84. The company had a trading volume of 219,158 shares, compared to its average volume of 668,802. The business has a fifty day moving average price of $14.72 and a 200-day moving average price of $15.03. JELD-WEN has a one year low of $8.90 and a one year high of $21.75. The firm has a market cap of $916.41 million, a PE ratio of -5.94 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD) last announced 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). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business’s revenue was down 13.2% compared to the same quarter last year. Sell-side analysts predict that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its position in shares of JELD-WEN by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock valued at $567,000 after buying an additional 1,025 shares during the last quarter. ProShare Advisors LLC raised its position in shares of JELD-WEN by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock valued at $325,000 after buying an additional 1,205 shares during the last quarter. Blue Trust Inc. raised its position in shares of JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares during the last quarter. Diversified Trust Co increased its position in JELD-WEN by 6.6% in the second quarter. Diversified Trust Co now owns 25,916 shares of the company’s stock worth $349,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in JELD-WEN by 790.9% in the first 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 last quarter. 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.