JELD-WEN (NYSE:JELD) Price Target Cut to $10.00 by Analysts at The Goldman Sachs Group

JELD-WEN (NYSE:JELD) had its target price decreased by The Goldman Sachs Group from $17.00 to $10.00 in a research report report published on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

JELD has been the topic of several other reports. Barclays reduced their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Loop Capital lowered their price objective on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

JELD-WEN Trading Down 4.3 %

JELD-WEN stock traded down $0.47 during trading hours on Wednesday, reaching $10.40. The stock had a trading volume of 349,845 shares, compared to its average volume of 669,512. The company has a fifty day simple moving average of $14.72 and a 200-day simple moving average of $15.03. JELD-WEN has a 52 week low of $8.90 and a 52 week high of $21.75. The stock has a market cap of $879.22 million, a PE ratio of -5.94 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The business had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. Analysts forecast that JELD-WEN will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Pzena Investment Management LLC boosted its holdings in shares of JELD-WEN by 26.3% in the second 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 increased its holdings in JELD-WEN by 6.3% in the 2nd 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 last quarter. Victory Capital Management Inc. increased its holdings in shares of JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after purchasing 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% during 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 acquiring an additional 764,645 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in JELD-WEN by 19.2% during the second 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. 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.