A number of other brokerages also recently issued reports on JELD. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, July 8th. Royal Bank of Canada upgraded Jeld-Wen from an “underperform” rating to a “sector perform” rating and set a $20.00 price objective on the stock in a research report on Wednesday, August 5th. Credit Suisse Group assumed coverage on Jeld-Wen in a research report on Wednesday, May 27th. They set an “underperform” rating and a $10.00 price objective on the stock. Wells Fargo & Company upped their price objective on Jeld-Wen from $13.50 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Benchmark cut Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Jeld-Wen currently has an average rating of “Hold” and a consensus price target of $17.96.
NYSE:JELD opened at $23.08 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.29 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $2.32 billion, a P/E ratio of 48.08, a P/E/G ratio of 0.79 and a beta of 2.82. Jeld-Wen has a 12 month low of $6.06 and a 12 month high of $27.00. The business’s 50-day moving average is $21.61 and its 200 day moving average is $15.83.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $974.53 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, research analysts forecast that Jeld-Wen will post 1.34 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP purchased a new position in Jeld-Wen in the 1st quarter worth $31,000. Acadian Asset Management LLC acquired a new stake in Jeld-Wen during the 1st quarter worth about $33,000. Tower Research Capital LLC TRC grew its position in Jeld-Wen by 75.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,281 shares of the company’s stock worth $42,000 after purchasing an additional 1,841 shares during the period. Smith Asset Management Group LP acquired a new stake in Jeld-Wen during the 1st quarter worth about $73,000. Finally, Public Employees Retirement System of Ohio grew its position in Jeld-Wen by 13.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,505 shares of the company’s stock worth $73,000 after purchasing an additional 520 shares during the period. Institutional investors 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.
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