Jeld-Wen (JELD) Price Target Lowered to $30.00 at B. Riley
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.
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.
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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