Barclays Lowers JELD-WEN (NYSE:JELD) Price Target to $6.00

JELD-WEN (NYSE:JELD) had its price objective decreased by research analysts at Barclays from $9.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 0.59% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Loop Capital cut their price target on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Royal Bank of Canada cut their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. Finally, B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $9.06.

JELD-WEN Price Performance

Shares of JELD opened at $5.97 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market capitalization of $506.13 million, a PE ratio of -2.67 and a beta of 2.17. The company has a 50 day moving average price of $8.56 and a 200-day moving average price of $11.71. JELD-WEN has a fifty-two week low of $5.79 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the completion of the purchase, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. This trade represents a 1.05 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 310,000 shares of company stock worth $2,463,500. Insiders own 1.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after acquiring an additional 1,284 shares during the last quarter. Diversified Trust Co lifted its position in shares of JELD-WEN by 8.8% during the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of JELD-WEN by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after buying an additional 3,066 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of JELD-WEN by 10.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after buying an additional 3,383 shares during the last quarter. Finally, Performa Ltd US LLC lifted its position in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.