Jeld-Wen (JELD) Given a $44.00 Price Target by Barclays Analysts

Barclays set a $44.00 price target on Jeld-Wen (NYSE:JELD) in a research note released on Monday morning. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently issued reports on JELD. Robert W. Baird reissued an outperform rating and issued a $40.00 price target (up previously from $38.00) on shares of Jeld-Wen in a research note on Monday, October 2nd. B. Riley increased their price target on Jeld-Wen from $33.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, November 15th. Zacks Investment Research cut Jeld-Wen from a buy rating to a hold rating in a research note on Wednesday, November 8th. SunTrust Banks reissued a hold rating on shares of Jeld-Wen in a research note on Tuesday, September 12th. Finally, ValuEngine cut Jeld-Wen from a buy rating to a hold rating in a research note on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Jeld-Wen presently has an average rating of Buy and a consensus target price of $38.00.

Jeld-Wen (JELD) traded down $0.71 during trading hours on Monday, hitting $41.10. The stock had a trading volume of 502,668 shares, compared to its average volume of 619,300. Jeld-Wen has a 12 month low of $24.95 and a 12 month high of $42.27. The company has a market capitalization of $4,330.00 and a PE ratio of -18.60. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. The company had revenue of $991.40 million during the quarter, compared to analysts’ expectations of $974.98 million. The company’s revenue was up 6.3% on a year-over-year basis. equities analysts expect that Jeld-Wen will post 1.62 EPS for the current fiscal year.

In other news, SVP John R. Linker sold 7,235 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $236,873.90. Following the completion of the sale, the senior vice president now owns 14,453 shares in the company, valued at $473,191.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Kirk S. Hachigian sold 156,029 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the sale, the chairman now owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,672,683 shares of company stock valued at $1,560,803,641.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Jeld-Wen during the second quarter valued at $105,000. Quantbot Technologies LP purchased a new stake in shares of Jeld-Wen during the third quarter valued at $110,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Jeld-Wen during the second quarter valued at $135,000. Breton Hill Capital Ltd. purchased a new stake in shares of Jeld-Wen during the third quarter valued at $208,000. Finally, Sii Investments Inc. WI purchased a new stake in shares of Jeld-Wen during the third quarter valued at $217,000. 41.01% of the stock is owned by institutional investors and hedge funds.

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Jeld-Wen Company Profile

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

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