Jeld-Wen (JELD) Price Target Cut to $35.00

Jeld-Wen (NYSE:JELD) had its price target reduced by research analysts at Barclays from $37.00 to $35.00 in a note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 39.05% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group began coverage on Jeld-Wen in a research note on Tuesday, April 17th. They issued a “hold” rating and a $32.00 target price for the company. Bank of America cut Jeld-Wen from a “neutral” rating to an “underperform” rating and set a $29.00 target price for the company. in a research note on Wednesday. Zacks Investment Research lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Deutsche Bank cut their price target on Jeld-Wen from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, June 25th. Finally, ValuEngine lowered Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, June 13th. Three investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $33.31.

Jeld-Wen traded down $0.23, reaching $25.17, on Wednesday, Marketbeat reports. The company’s stock had a trading volume of 57,560 shares, compared to its average volume of 699,168. Jeld-Wen has a 1-year low of $23.44 and a 1-year high of $42.27. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 1.70. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.60 and a beta of 2.00.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). Jeld-Wen had a net margin of 0.82% and a return on equity of 20.12%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. sell-side analysts forecast that Jeld-Wen will post 1.89 earnings per share for the current year.

Several institutional investors have recently modified their holdings of JELD. Amalgamated Bank raised its holdings in Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after acquiring an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Jeld-Wen by 23.7% during the second quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock worth $417,000 after acquiring an additional 2,800 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after acquiring an additional 2,924 shares in the last quarter. Tdam USA Inc. raised its holdings in Jeld-Wen by 6.4% during the first quarter. Tdam USA Inc. now owns 62,191 shares of the company’s stock worth $1,904,000 after acquiring an additional 3,732 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in 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 worth $396,000 after acquiring an additional 3,798 shares in the last quarter. Institutional investors own 61.88% of the company’s stock.

About Jeld-Wen

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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