JELD-WEN (NYSE:JELD) PT Raised to $17.00

JELD-WEN (NYSE:JELDFree Report) had its target price boosted by The Goldman Sachs Group from $15.00 to $17.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

JELD has been the topic of a number of other research reports. Loop Capital decreased their price target on shares of JELD-WEN from $17.00 to $16.00 and set a hold rating on the stock in a report on Friday, July 19th. Barclays reduced their target price on JELD-WEN from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed an underperform rating and set a $13.00 price target on shares of JELD-WEN in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of Hold and a consensus target price of $17.30.

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JELD-WEN Price Performance

NYSE:JELD opened at $15.16 on Tuesday. JELD-WEN has a 52-week low of $11.02 and a 52-week high of $21.75. The stock has a fifty day moving average of $14.70 and a 200 day moving average of $15.79. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -34.45 and a beta of 2.24.

JELD-WEN (NYSE:JELDGet Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million during the quarter, compared to the consensus estimate of $1 billion. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. On average, research analysts expect that JELD-WEN will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC boosted its position 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 valued at $46,000 after buying an additional 1,922 shares during the period. nVerses Capital LLC bought a new stake in JELD-WEN in the 2nd quarter worth $92,000. Xponance Inc. purchased a new position in shares of JELD-WEN in the second quarter valued at about $198,000. Finally, Sei Investments Co. raised its stake in shares of JELD-WEN by 13.2% during the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after acquiring an additional 2,100 shares during the last quarter. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

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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.

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