Jeld-Wen (NYSE:JELD) Rating Reiterated by Barclays

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Barclays restated their buy rating on shares of Jeld-Wen (NYSE:JELD) in a research report released on Tuesday, October 15th, AnalystRatings.com reports. They currently have a $20.00 target price on the stock.

A number of other brokerages have also issued reports on JELD. Royal Bank of Canada cut their target price on shares of Jeld-Wen from $20.00 to $17.00 and set a sector perform rating on the stock in a research note on Monday, October 14th. Bank of America restated a sell rating and issued a $18.00 target price on shares of Jeld-Wen in a research note on Monday, August 26th. ValuEngine upgraded shares of Jeld-Wen from a sell rating to a hold rating in a research note on Wednesday, October 2nd. B. Riley cut their target price on shares of Jeld-Wen from $21.00 to $18.00 and set a neutral rating on the stock in a research note on Monday, October 14th. Finally, Zacks Investment Research downgraded shares of Jeld-Wen from a hold rating to a sell rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Jeld-Wen currently has an average rating of Hold and an average price target of $20.11.

JELD stock traded up $0.57 during trading on Tuesday, reaching $20.77. The stock had a trading volume of 665,013 shares, compared to its average volume of 490,472. Jeld-Wen has a 1-year low of $13.28 and a 1-year high of $22.27. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.98, a PEG ratio of 1.51 and a beta of 2.58. The firm has a fifty day moving average price of $18.19 and a 200 day moving average price of $19.42.

Jeld-Wen (NYSE:JELD) last issued its earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Sell-side analysts predict that Jeld-Wen will post 1.36 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. LGT Capital Partners LTD. grew its position in Jeld-Wen by 6.7% in the 2nd quarter. LGT Capital Partners LTD. now owns 144,000 shares of the company’s stock worth $3,057,000 after purchasing an additional 9,000 shares during the last quarter. Southpoint Capital Advisors LP grew its position in Jeld-Wen by 7.3% in the 2nd quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock worth $56,954,000 after purchasing an additional 182,700 shares during the last quarter. Aperio Group LLC bought a new position in Jeld-Wen in the 2nd quarter worth about $117,000. Renaissance Technologies LLC grew its position in Jeld-Wen by 99.8% in the 2nd quarter. Renaissance Technologies LLC now owns 225,600 shares of the company’s stock worth $4,789,000 after purchasing an additional 112,700 shares during the last quarter. Finally, Zeke Capital Advisors LLC grew its position in Jeld-Wen by 81.0% in the 3rd quarter. Zeke Capital Advisors LLC now owns 68,683 shares of the company’s stock worth $1,325,000 after purchasing an additional 30,741 shares during the last quarter. 59.45% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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