Royal Bank of Canada Lowers Jeld-Wen (JELD) Price Target to $23.00

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Jeld-Wen (NYSE:JELD) had its price target decreased by Royal Bank of Canada to $23.00 in a research note published on Tuesday, October 16th, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

JELD has been the subject of several other research reports. Zacks Investment Research raised shares of Jeld-Wen from a strong sell rating to a hold rating in a research report on Wednesday, October 10th. Barclays reduced their price target on shares of Jeld-Wen from $32.00 to $23.00 and set a buy rating for the company in a research report on Tuesday, October 16th. Robert W. Baird reduced their price target on shares of Jeld-Wen from $23.00 to $19.00 and set a neutral rating for the company in a research report on Tuesday, October 16th. Goldman Sachs Group assumed coverage on shares of Jeld-Wen in a research report on Tuesday, October 2nd. They issued a buy rating and a $31.00 price target for the company. Finally, Deutsche Bank reduced their price target on shares of Jeld-Wen from $35.00 to $31.00 and set a hold rating for the company in a research report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $25.07.

Shares of JELD stock traded up $0.10 during trading hours on Tuesday, hitting $18.00. 1,129,351 shares of the company were exchanged, compared to its average volume of 1,399,264. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 2.70. Jeld-Wen has a fifty-two week low of $15.04 and a fifty-two week high of $42.27. The company has a quick ratio of 1.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.91.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.55 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Jeld-Wen will post 1.59 earnings per share for the current year.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 4.55% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of JELD. Pzena Investment Management LLC boosted its holdings in Jeld-Wen by 19.6% during the 2nd quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock worth $194,191,000 after acquiring an additional 1,112,746 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Jeld-Wen by 333.3% during the 1st quarter. Handelsbanken Fonder AB now owns 780,000 shares of the company’s stock worth $23,884,000 after purchasing an additional 600,000 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Jeld-Wen during the 1st quarter worth $15,085,000. IMS Capital Management raised its stake in shares of Jeld-Wen by 33.0% during the 2nd quarter. IMS Capital Management now owns 1,918,801 shares of the company’s stock worth $54,859,000 after purchasing an additional 475,707 shares during the period. Finally, Davidson Kempner Capital Management LP raised its stake in shares of Jeld-Wen by 146.2% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after purchasing an additional 475,000 shares during the period. 63.76% of the stock is currently owned by hedge funds and other 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.

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