Jeld-Wen (NYSE:JELD) had its target price lowered by B. Riley from $30.00 to $22.00 in a report released on Wednesday morning. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Jeld-Wen’s Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.50 EPS and FY2019 earnings at $1.80 EPS.
Several other research analysts have also recently weighed in on JELD. Barclays lowered their price objective on Jeld-Wen from $37.00 to $35.00 and set an overweight rating on the stock in a research report on Wednesday, August 8th. Robert W. Baird lowered their price objective on Jeld-Wen from $23.00 to $19.00 and set a neutral rating on the stock in a research report on Tuesday, October 16th. Macquarie set a $27.00 target price on Jeld-Wen and gave the stock a buy rating in a report on Tuesday, October 16th. Credit Suisse Group reduced their target price on Jeld-Wen from $33.00 to $30.00 and set a neutral rating on the stock in a report on Wednesday, August 8th. Finally, Royal Bank of Canada set a $28.00 target price on Jeld-Wen and gave the stock a buy rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $25.07.
JELD stock traded up $0.10 during trading hours on Wednesday, hitting $18.00. 1,129,351 shares of the stock were exchanged, compared to its average volume of 1,399,264. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.21. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.61 and a beta of 2.70. Jeld-Wen has a 12 month low of $15.04 and a 12 month high of $42.27.
In other news, EVP Peter Maxwell sold 4,982 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total transaction of $130,329.12. Following the sale, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at approximately $448,277.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Caption Management LLC acquired a new stake in Jeld-Wen in the second quarter valued at about $143,000. Amalgamated Bank boosted its stake in Jeld-Wen by 19.1% in the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after buying an additional 1,721 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Jeld-Wen by 78.8% in the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock valued at $361,000 after buying an additional 5,200 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Jeld-Wen in the third quarter valued at about $296,000. Finally, Commonwealth Bank of Australia acquired a new stake in Jeld-Wen in the third quarter valued at about $320,000. 63.76% 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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