JELD-WEN (NYSE:JELD) Price Target Cut to $5.00 by Analysts at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its target price lowered by Royal Bank of Canada from $7.00 to $5.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other research analysts also recently weighed in on the stock. Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. B. Riley dropped their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group dropped their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, JELD-WEN currently has an average rating of “Hold” and an average price target of $9.56.

JELD-WEN Stock Down 12.4 %

JELD-WEN stock opened at $5.91 on Wednesday. JELD-WEN has a twelve month low of $5.79 and a twelve month high of $21.75. The firm has a 50 day moving average price of $8.73 and a 200-day moving average price of $11.85. The company has a market capitalization of $499.68 million, a P/E ratio of -3.23 and a beta of 2.17. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The company had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, equities analysts predict that JELD-WEN will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the purchase, the insider now directly owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This trade represents a 0.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 310,000 shares of company stock worth $2,463,500 in the last three months. 1.03% of the stock is currently owned by corporate insiders.

Institutional Trading of JELD-WEN

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Geode Capital Management LLC raised its position in shares of JELD-WEN by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after buying an additional 9,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares in the last quarter. Natixis Advisors LLC raised its position in shares of JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after buying an additional 180,511 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of JELD-WEN during the 3rd quarter valued at $293,000. 95.04% of the stock is currently owned by hedge funds and other 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.