Royal Bank of Canada Analysts Give Jeld-Wen (JELD) a $21.00 Price Target

Royal Bank of Canada set a $21.00 price objective on Jeld-Wen (NYSE:JELD) in a research note published on Wednesday. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Barclays lowered their price objective on shares of Jeld-Wen from $35.00 to $32.00 and set a buy rating on the stock in a research note on Tuesday, October 9th. Goldman Sachs Group initiated coverage on shares of Jeld-Wen in a research note on Tuesday, October 2nd. They issued a buy rating and a $31.00 price objective on the stock. Macquarie initiated coverage on shares of Jeld-Wen in a research note on Wednesday, September 26th. They set a buy rating and a $35.00 price target on the stock. TheStreet downgraded shares of Jeld-Wen from a c- rating to a d+ rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Jeld-Wen from a strong sell rating to a hold rating in a research note on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $25.07.

Shares of Jeld-Wen stock traded up $0.10 during midday trading on Wednesday, hitting $18.00. The company had a trading volume of 1,129,351 shares, compared to its average volume of 1,399,264. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.61 and a beta of 2.70. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. Jeld-Wen has a 1-year low of $15.04 and a 1-year high of $42.27.

Jeld-Wen (NYSE:JELD) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Jeld-Wen had a return on equity of 18.86% and a net margin of 0.26%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, research analysts forecast that Jeld-Wen will post 1.59 earnings per share for the current fiscal year.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the sale, the executive vice president now owns 17,136 shares in the company, valued at $448,277.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.55% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of Jeld-Wen by 1.1% in the 3rd quarter. Pzena Investment Management LLC now owns 6,868,438 shares of the company’s stock valued at $169,376,000 after purchasing an additional 76,185 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Jeld-Wen by 49.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 521,243 shares of the company’s stock valued at $12,854,000 after purchasing an additional 171,513 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in shares of Jeld-Wen in the 3rd quarter valued at $320,000. Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Jeld-Wen by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 932,199 shares of the company’s stock valued at $22,988,000 after purchasing an additional 10,779 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Jeld-Wen by 3.8% in the 3rd quarter. Systematic Financial Management LP now owns 434,987 shares of the company’s stock valued at $10,727,000 after purchasing an additional 15,868 shares in the last quarter. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Jeld-Wen Company Profile

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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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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