Barclays Issues Pessimistic Forecast for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its target price reduced by Barclays from $13.00 to $10.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a research report on Wednesday, August 7th. Loop Capital dropped their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.90.

JELD-WEN Stock Performance

NYSE:JELD opened at $10.96 on Wednesday. The business has a 50 day moving average of $14.57 and a 200 day moving average of $14.91. The company has a market capitalization of $927.44 million, a price-to-earnings ratio of -5.99 and a beta of 2.25. JELD-WEN has a 1-year low of $8.90 and a 1-year high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 11.97% and a negative net margin of 3.98%. The company had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same period last year, the firm earned $0.53 earnings per share. JELD-WEN’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, sell-side analysts predict that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of JELD-WEN stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the transaction, the insider now owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This represents a 0.00 % increase in their position. The transaction 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JELD. Innealta Capital LLC acquired a new stake in JELD-WEN during the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC boosted its stake in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after purchasing an additional 1,922 shares during the last quarter. Blue Trust Inc. boosted its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of JELD-WEN during the 2nd quarter valued at about $92,000. Finally, MQS Management LLC acquired a new position in shares of JELD-WEN during the 3rd quarter valued at about $160,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.