Jeld-Wen (NYSE:JELD) had its target price cut by B. Riley from $37.00 to $30.00 in a research note released on Wednesday. They currently have a neutral rating on the stock. B. Riley also issued estimates for Jeld-Wen’s Q3 2018 earnings at $0.56 EPS, FY2018 earnings at $1.77 EPS and FY2019 earnings at $2.14 EPS.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Jeld-Wen from a hold rating to a sell rating in a report on Wednesday, July 11th. Bank of America lowered Jeld-Wen from a buy rating to a neutral rating and set a $41.00 target price for the company. in a report on Monday, May 14th. Jefferies Financial Group started coverage on Jeld-Wen in a report on Tuesday, April 17th. They set a hold rating and a $32.00 target price for the company. ValuEngine lowered Jeld-Wen from a hold rating to a sell rating in a report on Wednesday, June 13th. Finally, Barclays set a $37.00 target price on Jeld-Wen and gave the stock a buy rating in a report on Tuesday, May 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Jeld-Wen currently has a consensus rating of Hold and a consensus price target of $33.31.

Shares of Jeld-Wen traded down $0.81, reaching $24.59, during trading hours on Wednesday, according to Marketbeat. The stock had a trading volume of 1,085,103 shares, compared to its average volume of 872,659. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.13 and a current ratio of 2.03. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.73 and a beta of 2.00. Jeld-Wen has a 52-week low of $23.44 and a 52-week high of $42.27.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.11). The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a return on equity of 20.44% and a net margin of 0.82%. analysts forecast that Jeld-Wen will post 1.86 earnings per share for the current year.

Several hedge funds have recently modified their holdings of JELD. Hound Partners LLC increased its position in shares of Jeld-Wen by 1,758.2% during the first quarter. Hound Partners LLC now owns 5,326,194 shares of the company’s stock worth $163,088,000 after purchasing an additional 5,039,555 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Jeld-Wen by 19.6% during the second quarter. Pzena Investment Management LLC now owns 6,792,253 shares of the company’s stock worth $194,191,000 after purchasing an additional 1,112,746 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Jeld-Wen by 333.3% during the first quarter. Handelsbanken Fonder AB now owns 780,000 shares of the company’s stock worth $23,884,000 after purchasing an additional 600,000 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Jeld-Wen by 324.2% during the first quarter. Citadel Advisors LLC now owns 778,305 shares of the company’s stock worth $23,832,000 after purchasing an additional 594,831 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Jeld-Wen during the first quarter worth $15,085,000. 61.88% of the stock is currently 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.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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