Jeld-Wen (NYSE:JELD) Downgraded by ValuEngine to “Sell”

Jeld-Wen (NYSE:JELD) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

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.

Jeld-Wen (NYSE:JELD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Jeld-Wen will post 1.36 EPS for the current fiscal year.

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.

About Jeld-Wen

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.

Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit