UBS Group Lowers JELD-WEN (NYSE:JELD) Price Target to $7.50

JELD-WEN (NYSE:JELD) had its price target cut by investment analysts at UBS Group from $9.00 to $7.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 22.05% from the company’s current price.

JELD has been the subject of a number of other reports. B. Riley reduced their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, December 18th. Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.56.

JELD-WEN Price Performance

Shares of JELD stock opened at $6.15 on Wednesday. JELD-WEN has a 12-month low of $5.79 and a 12-month high of $21.75. The firm has a market capitalization of $519.99 million, a price-to-earnings ratio of -2.76 and a beta of 2.17. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average of $8.65 and a 200-day moving average of $11.81.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, equities research analysts forecast that JELD-WEN will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of JELD-WEN stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the acquisition, the insider now owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This trade represents a 0.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders have acquired 310,000 shares of company stock valued at $2,463,500 in the last three months. 1.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently bought and sold shares of JELD. Performa Ltd US LLC grew its holdings in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Blue Trust Inc. grew its holdings in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. Quarry LP bought a new position in JELD-WEN during the fourth quarter worth about $46,000. US Bancorp DE grew its holdings in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. Finally, Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the fourth quarter worth approximately $83,000. Institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.