Royal Bank of Canada Cuts JELD-WEN (NYSE:JELD) Price Target to $8.00

JELD-WEN (NYSE:JELD) had its target price lowered by Royal Bank of Canada from $9.00 to $8.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

A number of other research firms have also recently weighed in on JELD. Barclays lowered their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group increased their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group cut their price target on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.63.

JELD-WEN Stock Down 0.7 %

Shares of JELD stock opened at $8.42 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN has a 12 month low of $8.30 and a 12 month high of $21.75. The stock has a market cap of $712.50 million, a P/E ratio of -4.60 and a beta of 2.12. The company has a 50 day simple moving average of $11.80 and a two-hundred day simple moving average of $13.61.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, research analysts expect that JELD-WEN will post 0.73 earnings per share for the current year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the acquisition, the insider now directly owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Several large investors have recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in JELD-WEN during the second quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of JELD-WEN by 102.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock valued at $59,000 after purchasing an additional 2,216 shares during the last quarter. nVerses Capital LLC purchased a new stake in JELD-WEN during the 2nd quarter valued at $92,000. Finally, MQS Management LLC bought a new stake in JELD-WEN in the third quarter worth $160,000. Institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.