Barclays Cuts JELD-WEN (NYSE:JELD) Price Target to $15.00

JELD-WEN (NYSE:JELDGet Free Report) had its price objective cut by investment analysts at Barclays from $18.00 to $15.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 0.33% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. StockNews.com cut JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Loop Capital began coverage on shares of JELD-WEN in a research note on Thursday, February 15th. They set a “hold” rating and a $22.00 price objective on the stock. Oppenheimer assumed coverage on shares of JELD-WEN in a research note on Friday, January 19th. They issued a “market perform” rating for the company. B. Riley lifted their price target on shares of JELD-WEN from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada lowered their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Read Our Latest Report on JELD-WEN

JELD-WEN Stock Up 2.7 %

Shares of JELD traded up $0.39 during midday trading on Monday, hitting $14.95. The company had a trading volume of 907,045 shares, compared to its average volume of 635,381. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 64.26 and a beta of 2.32. The company’s 50 day moving average price is $19.18 and its 200 day moving average price is $17.89. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46. JELD-WEN has a 52 week low of $11.02 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELDGet Free Report) last posted its quarterly earnings data on Monday, February 19th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. JELD-WEN had a return on equity of 15.78% and a net margin of 0.47%. During the same quarter in the previous year, the business earned $0.47 EPS. On average, equities research analysts predict that JELD-WEN will post 1.6 EPS for the current year.

Insiders Place Their Bets

In other JELD-WEN news, Director Roderick Wendt sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $28.35, for a total value of $283,500.00. Following the completion of the sale, the director now directly owns 304,558 shares in the company, valued at $8,634,219.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares during the period. Harvest Fund Management Co. Ltd bought a new position in JELD-WEN in the 4th quarter worth about $47,000. Quest Partners LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at about $103,000. DekaBank Deutsche Girozentrale bought a new stake in shares of JELD-WEN during the 4th quarter valued at about $118,000. Finally, International Assets Investment Management LLC purchased a new position in shares of JELD-WEN during the fourth quarter worth about $125,000. Institutional investors own 95.04% of the company’s stock.

About JELD-WEN

(Get Free Report)

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.

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Analyst Recommendations for JELD-WEN (NYSE:JELD)

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