Royal Bank of Canada Lowers JELD-WEN (NYSE:JELD) Price Target to $8.00

JELD-WEN (NYSE:JELD) had its price objective lowered by stock analysts at Royal Bank of Canada from $9.00 to $8.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential downside of 17.27% from the company’s current price.

A number of other equities analysts also recently commented on the company. Barclays decreased their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. 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. UBS Group cut their price objective on JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group raised their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.44.

JELD-WEN Trading Down 2.1 %

JELD stock traded down $0.21 during trading on Wednesday, hitting $9.67. 140,544 shares of the company traded hands, compared to its average volume of 686,138. The company has a 50-day moving average of $12.31 and a 200-day moving average of $13.77. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 1 year low of $8.90 and a 1 year high of $21.75. The firm has a market capitalization of $818.28 million, a PE ratio of -5.28 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The firm had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. JELD-WEN’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Analysts predict that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was purchased at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares in the company, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Innealta Capital LLC purchased a new position in shares of JELD-WEN in the second quarter worth $30,000. Blue Trust Inc. lifted 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 purchasing an additional 1,284 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of JELD-WEN during the second quarter valued at about $92,000. Finally, MQS Management LLC bought a new stake in shares of JELD-WEN in the third quarter worth about $160,000. 95.04% of the stock is currently owned by institutional investors.

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.