Jeld-Wen (NYSE:JELD)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a note issued to investors on Monday, The Fly reports. They presently have a $47.00 price target on the stock, up from their previous price target of $41.00. Credit Suisse Group’s price objective would indicate a potential upside of 16.68% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and set a $46.00 target price on shares of Jeld-Wen in a research note on Tuesday, January 9th. Barclays set a $44.00 price target on Jeld-Wen and gave the company a “buy” rating in a research note on Monday, January 8th. ValuEngine downgraded Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, B. Riley boosted their price target on Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.93.

Jeld-Wen (NYSE JELD) opened at $40.28 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.93 and a debt-to-equity ratio of 1.40. Jeld-Wen has a one year low of $24.95 and a one year high of $42.27.

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

In other Jeld-Wen news, Chairman Kirk S. Hachigian sold 156,029 shares of Jeld-Wen stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the transaction, the chairman now directly owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Onex sold 12,465,047 shares of Jeld-Wen stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total value of $408,105,638.78. The disclosure for this sale can be found here. Insiders sold a total of 47,672,683 shares of company stock valued at $1,560,803,641 over the last ninety days.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of Jeld-Wen during the 3rd quarter worth $110,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Jeld-Wen during the 2nd quarter worth $105,000. Breton Hill Capital Ltd. acquired a new position in shares of Jeld-Wen during the 3rd quarter worth $208,000. Sii Investments Inc. WI acquired a new position in shares of Jeld-Wen during the 3rd quarter worth $217,000. Finally, Amalgamated Bank acquired a new position in shares of Jeld-Wen during the 3rd quarter worth $248,000. 40.75% of the stock is owned by hedge funds and other institutional investors.

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About Jeld-Wen

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.

The Fly

Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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