JELD-WEN (NYSE:JELD) Given New $17.00 Price Target at Jefferies Financial Group

JELD-WEN (NYSE:JELD) had its price target hoisted by equities researchers at Jefferies Financial Group from $15.00 to $17.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 8.01% from the company’s previous close.

Other research analysts also recently issued reports about the company. Loop Capital lowered their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Barclays lowered their target price on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. The Goldman Sachs Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.30.

JELD-WEN Stock Down 0.2 %

JELD-WEN stock traded down $0.03 during mid-day trading on Wednesday, reaching $15.74. The stock had a trading volume of 276,822 shares, compared to its average volume of 664,209. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 68.43 and a beta of 2.24. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN has a one year low of $11.02 and a one year high of $21.75. The company has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $15.83.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts expect that JELD-WEN will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

A number of institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. MA purchased a new position in JELD-WEN during the first quarter valued at approximately $4,631,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of JELD-WEN during the 1st quarter valued at $6,750,000. First Eagle Investment Management LLC boosted its holdings in JELD-WEN by 33.7% in the 1st quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock worth $7,148,000 after buying an additional 84,900 shares during the period. Bridgeway Capital Management LLC increased its stake in JELD-WEN by 13.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 713,783 shares of the company’s stock worth $13,476,000 after buying an additional 85,455 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in JELD-WEN by 64.7% during the second quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after acquiring an additional 67,604 shares during the period. 95.04% of the stock is owned by institutional investors.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.