Bank of America Lowers JELD-WEN (JELD) to Neutral

Bank of America lowered shares of JELD-WEN (NYSE:JELD) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat reports. The firm currently has $41.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded JELD-WEN from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Tuesday, May 1st. Royal Bank of Canada restated an outperform rating and issued a $42.00 target price (up previously from $39.00) on shares of JELD-WEN in a research report on Thursday, February 22nd. Jefferies Group started coverage on JELD-WEN in a research report on Tuesday, April 17th. They issued a hold rating and a $32.00 target price on the stock. Robert W. Baird restated an outperform rating and issued a $42.00 target price (down previously from $46.00) on shares of JELD-WEN in a research report on Thursday, February 22nd. Finally, Wells Fargo downgraded JELD-WEN from an outperform rating to a market perform rating and set a $37.00 target price on the stock. in a research report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $37.64.

Shares of JELD-WEN opened at $27.97 on Monday, Marketbeat reports. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.70 and a beta of 2.43. The company has a current ratio of 1.96, a quick ratio of 1.13 and a debt-to-equity ratio of 1.70. JELD-WEN has a 12-month low of $27.14 and a 12-month high of $27.73.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $946.20 million for the quarter, compared to the consensus estimate of $908.71 million. JELD-WEN had a return on equity of 21.18% and a net margin of 1.16%. JELD-WEN’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. research analysts predict that JELD-WEN will post 2.12 EPS for the current year.

In related news, Director Patrick Wright Tolbert acquired 2,860 shares of JELD-WEN stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the transaction, the director now owns 4,343 shares in the company, valued at approximately $134,111.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Roderick Wendt sold 30,000 shares of JELD-WEN stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The disclosure for this sale can be found here. Company insiders own 4.55% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Stone Ridge Asset Management LLC acquired a new stake in JELD-WEN during the fourth quarter worth $573,000. Victory Capital Management Inc. acquired a new stake in JELD-WEN during the fourth quarter worth $4,318,000. Goldman Sachs Group Inc. increased its stake in JELD-WEN by 13.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 236,200 shares of the company’s stock worth $9,299,000 after acquiring an additional 28,230 shares during the last quarter. Peregrine Capital Management LLC increased its stake in JELD-WEN by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after acquiring an additional 2,826 shares during the last quarter. Finally, Hound Partners LLC acquired a new stake in JELD-WEN during the fourth quarter worth $11,285,000. 60.25% of the stock is owned by institutional investors.

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.

Analyst Recommendations for JELD-WEN (NYSE:JELD)

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