Jeld-Wen (NYSE:JELD) had its price target lowered by investment analysts at B. Riley from $21.00 to $18.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price target points to a potential upside of 4.77% from the stock’s previous close. B. Riley also issued estimates for Jeld-Wen’s Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.33 EPS, FY2019 earnings at $1.33 EPS and FY2020 earnings at $1.60 EPS.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Bank of America reissued a “sell” rating and issued a $18.00 target price on shares of Jeld-Wen in a research note on Monday, August 26th. TheStreet raised shares of Jeld-Wen from a “d+” rating to a “c-” rating in a research note on Monday, July 22nd. Finally, ValuEngine raised shares of Jeld-Wen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Jeld-Wen currently has a consensus rating of “Hold” and a consensus target price of $20.50.
Shares of JELD opened at $17.18 on Monday. The firm has a market cap of $1.62 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.03 and a beta of 2.62. The company’s fifty day moving average is $18.21 and its two-hundred day moving average is $19.58. Jeld-Wen has a fifty-two week low of $13.28 and a fifty-two week high of $22.27. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the business posted $0.45 EPS. The business’s revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that Jeld-Wen will post 1.5 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Denali Advisors LLC raised its stake in shares of Jeld-Wen by 202.2% in the 3rd quarter. Denali Advisors LLC now owns 54,700 shares of the company’s stock valued at $1,055,000 after acquiring an additional 36,600 shares during the period. Skyline Asset Management LP increased its stake in Jeld-Wen by 1.0% during the 3rd quarter. Skyline Asset Management LP now owns 400,900 shares of the company’s stock worth $7,733,000 after buying an additional 4,100 shares during the period. LGT Capital Partners LTD. increased its stake in Jeld-Wen by 27.8% during the 3rd quarter. LGT Capital Partners LTD. now owns 184,000 shares of the company’s stock worth $3,549,000 after buying an additional 40,000 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Jeld-Wen by 6.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,853 shares of the company’s stock worth $422,000 after buying an additional 1,160 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in Jeld-Wen during the 2nd quarter worth $12,152,000. 59.98% of the stock is currently owned by institutional investors and hedge funds.
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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