JELD-WEN (NYSE:JELD) Price Target Cut to $9.00 by Analysts at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its target price decreased by Royal Bank of Canada from $13.00 to $9.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an underperform rating on the stock.

A number of other brokerages have also recently issued reports on JELD. Loop Capital cut their target price on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Barclays lowered their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. Jefferies Financial Group boosted their price target on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group decreased their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.50.

JELD-WEN Price Performance

JELD-WEN stock traded down $0.47 during mid-day trading on Wednesday, reaching $10.40. The company had a trading volume of 349,845 shares, compared to its average volume of 669,512. The stock’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $15.03. JELD-WEN has a 1 year low of $8.90 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The company has a market capitalization of $879.22 million, a P/E ratio of -5.94 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities analysts predict that JELD-WEN will post 1.29 EPS for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of the stock. Pzena Investment Management LLC increased its holdings in shares of JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after buying an additional 1,939,052 shares during the last quarter. Dimensional Fund Advisors LP grew its position in JELD-WEN by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company’s stock valued at $43,461,000 after acquiring an additional 191,657 shares during the period. Victory Capital Management Inc. increased its stake in JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after acquiring an additional 2,010,275 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock worth $33,200,000 after purchasing an additional 764,645 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock valued at $18,400,000 after purchasing an additional 220,177 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.