JELD-WEN (NYSE:JELD) Price Target Cut to $8.00 by Analysts at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its target price decreased by Royal Bank of Canada from $9.00 to $8.00 in a research report report published on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an underperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group lifted their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. UBS Group lowered their price target on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. B. Riley decreased their price objective on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, 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 research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus target price of $14.44.

JELD-WEN Stock Down 11.2 %

JELD-WEN stock opened at $8.77 on Wednesday. JELD-WEN has a twelve month low of $8.65 and a twelve month high of $21.75. 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 company has a 50 day moving average of $12.06 and a 200-day moving average of $13.70. The stock has a market capitalization of $742.12 million, a PE ratio of -4.79 and a beta of 2.12.

JELD-WEN (NYSE:JELD) last released its 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). The firm had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. JELD-WEN’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, equities research analysts anticipate that JELD-WEN will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management bought 450,000 shares of JELD-WEN stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the acquisition, the insider now owns 11,751,912 shares of the company’s stock, valued at approximately $118,224,234.72. This represents a 3.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its position in shares of JELD-WEN by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock valued at $567,000 after acquiring an additional 1,025 shares during the period. Blue Trust Inc. raised its stake in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares in the last quarter. Sei Investments Co. boosted its holdings in JELD-WEN by 13.2% in the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of JELD-WEN during the second quarter worth approximately $30,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.