Other equities research analysts have also issued research reports about the company. B. Riley lowered their price objective on Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. TheStreet upgraded Jeld-Wen from a “d+” rating to a “c-” rating in a research report on Monday, July 22nd. Royal Bank of Canada lowered their price objective on Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Monday, October 14th. Barclays restated a “buy” rating and issued a $20.00 price objective on shares of Jeld-Wen in a research report on Tuesday, October 15th. Finally, Bank of America restated a “sell” rating and issued a $18.00 price objective on shares of Jeld-Wen in a research report on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.11.
Jeld-Wen stock traded up $0.57 during mid-day trading on Thursday, hitting $20.77. The company had a trading volume of 665,013 shares, compared to its average volume of 490,472. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 2.11. Jeld-Wen has a 12-month low of $13.28 and a 12-month high of $22.27. The company’s fifty day moving average is $18.19 and its 200-day moving average is $19.42. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.51 and a beta of 2.58.
Several hedge funds have recently made changes to their positions in the company. Southpoint Capital Advisors LP raised its stake in shares of Jeld-Wen by 7.3% during the 2nd quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock worth $56,954,000 after buying an additional 182,700 shares during the period. Jennison Associates LLC raised its stake in shares of Jeld-Wen by 1.8% during the 2nd quarter. Jennison Associates LLC now owns 1,515,908 shares of the company’s stock worth $32,183,000 after buying an additional 27,334 shares during the period. Invesco Ltd. raised its stake in shares of Jeld-Wen by 0.5% during the 2nd quarter. Invesco Ltd. now owns 1,301,235 shares of the company’s stock worth $27,625,000 after buying an additional 5,986 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Jeld-Wen during the 2nd quarter worth approximately $12,152,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Jeld-Wen by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 490,476 shares of the company’s stock worth $10,413,000 after buying an additional 15,544 shares during the period. 59.45% of the stock is owned by institutional investors and hedge funds.
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.
See Also: Technical Analysis
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.