A number of other equities research analysts have also weighed in on JELD. Bank of America upgraded Jeld-Wen from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Jeld-Wen from $12.00 to $18.00 in a research report on Friday, July 10th. Wells Fargo & Company lifted their price objective on Jeld-Wen from $13.50 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. BofA Securities upgraded Jeld-Wen from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, August 5th. Finally, Benchmark lowered Jeld-Wen from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One investment analyst has 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 has a consensus rating of “Hold” and an average target price of $17.96.
JELD opened at $23.08 on Tuesday. The stock’s 50 day simple moving average is $21.61 and its 200 day simple moving average is $15.83. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.94 and a quick ratio of 1.29. Jeld-Wen has a 1 year low of $6.06 and a 1 year high of $27.00. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 48.08, a PEG ratio of 0.79 and a beta of 2.82.
Jeld-Wen (NYSE:JELD) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.29. Jeld-Wen had a return on equity of 14.02% and a net margin of 1.15%. The business had revenue of $992.30 million for the quarter, compared to analyst estimates of $974.53 million. During the same period last year, the company earned $0.45 EPS. Jeld-Wen’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jeld-Wen will post 1.34 EPS for the current year.
Large investors have recently made changes to their positions in the business. Aigen Investment Management LP purchased a new position in Jeld-Wen during the first quarter valued at $31,000. Acadian Asset Management LLC purchased a new position in Jeld-Wen during the first quarter valued at $33,000. Tower Research Capital LLC TRC raised its stake in Jeld-Wen by 75.5% during the first quarter. Tower Research Capital LLC TRC now owns 4,281 shares of the company’s stock valued at $42,000 after buying an additional 1,841 shares during the last quarter. Smith Asset Management Group LP purchased a new position in Jeld-Wen during the first quarter valued at $73,000. Finally, Public Employees Retirement System of Ohio raised its stake in Jeld-Wen by 13.0% during the second quarter. Public Employees Retirement System of Ohio now owns 4,505 shares of the company’s stock valued at $73,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 60.98% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.