Robert W. Baird restated their outperform rating on shares of Jeld-Wen (NYSE:JELD) in a research report report published on Thursday. The brokerage currently has a $42.00 price objective on the stock, down from their previous price objective of $46.00.
A number of other brokerages have also commented on JELD. Zacks Investment Research raised shares of Jeld-Wen from a hold rating to a buy rating and set a $44.00 price target on the stock in a report on Thursday, February 1st. Barclays set a $44.00 price target on shares of Jeld-Wen and gave the stock a buy rating in a report on Monday, January 8th. Royal Bank of Canada set a $42.00 price target on shares of Jeld-Wen and gave the stock a buy rating in a report on Wednesday, February 14th. Bank of America reissued a buy rating and issued a $41.00 price target (down previously from $44.00) on shares of Jeld-Wen in a report on Thursday. Finally, Wells Fargo & Co lowered shares of Jeld-Wen from an outperform rating to a market perform rating and set a $37.00 price target on the stock. in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Jeld-Wen has an average rating of Hold and an average price target of $39.38.
Shares of Jeld-Wen (NYSE:JELD) opened at $33.83 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. The firm has a market cap of $3,981.62 and a P/E ratio of -845.75. Jeld-Wen has a twelve month low of $27.61 and a twelve month high of $42.27.
Jeld-Wen (NYSE:JELD) last posted its earnings results on Wednesday, February 21st. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.15). The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1 billion. Jeld-Wen had a return on equity of 18.71% and a net margin of 0.29%. The firm’s revenue was up .3% on a year-over-year basis. analysts forecast that Jeld-Wen will post 2.22 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Jeld-Wen during the 3rd quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jeld-Wen by 331.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after purchasing an additional 2,706 shares during the last quarter. Strs Ohio bought a new position in shares of Jeld-Wen during the 4th quarter valued at $149,000. Virtu Financial LLC bought a new position in shares of Jeld-Wen during the 4th quarter valued at $205,000. Finally, Breton Hill Capital Ltd. bought a new position in shares of Jeld-Wen during the 3rd quarter valued at $208,000. 48.49% of the stock is currently owned by institutional investors.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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