Royal Bank of Canada set a $23.00 price target on Jeld-Wen (NYSE:JELD) in a research note released on Wednesday, Stock Target Advisor reports. The brokerage currently has a hold rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Seaport Global Securities started coverage on shares of Jeld-Wen in a research report on Friday, March 15th. They set a buy rating and a $26.00 price target for the company. Credit Suisse Group set a $20.00 price target on shares of Jeld-Wen and gave the company a hold rating in a research report on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of Jeld-Wen from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $22.71.
NYSE JELD traded up $0.41 during trading hours on Wednesday, reaching $21.34. 324,847 shares of the company’s stock traded hands, compared to its average volume of 332,446. Jeld-Wen has a 52-week low of $13.28 and a 52-week high of $30.25. The stock has a market cap of $2.11 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.05 and a beta of 2.89. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.64 and a quick ratio of 0.95.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Research analysts expect that Jeld-Wen will post 1.76 earnings per share for the current fiscal year.
In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 42,927 shares of Jeld-Wen stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $20.08, for a total value of $861,974.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.47% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Advisor Group Inc. grew its stake in shares of Jeld-Wen by 557.3% in the first quarter. Advisor Group Inc. now owns 1,893 shares of the company’s stock worth $34,000 after acquiring an additional 1,605 shares during the period. Pearl River Capital LLC bought a new stake in shares of Jeld-Wen in the first quarter worth approximately $78,000. Quantamental Technologies LLC bought a new stake in shares of Jeld-Wen in the fourth quarter worth approximately $85,000. Denali Advisors LLC bought a new stake in shares of Jeld-Wen in the first quarter worth approximately $101,000. Finally, Citigroup Inc. grew its stake in shares of Jeld-Wen by 23.6% in the fourth quarter. Citigroup Inc. now owns 7,683 shares of the company’s stock worth $109,000 after acquiring an additional 1,466 shares during the period. 68.20% of the stock is owned by institutional investors and hedge funds.
Jeld-Wen Company Profile
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.
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