The Goldman Sachs Group Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price objective dropped by equities researchers at The Goldman Sachs Group from $9.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 30.19% from the company’s previous close.

A number of other equities analysts have also commented on JELD. B. Riley decreased their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Wednesday, December 18th. Barclays reduced their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.56.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $6.15 on Wednesday. The company’s fifty day moving average price is $8.65 and its 200-day moving average price is $11.81. The firm has a market capitalization of $519.99 million, a price-to-earnings ratio of -2.76 and a beta of 2.17. JELD-WEN has a one year low of $5.79 and a one year high of $21.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, equities research analysts anticipate that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 110,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was acquired at an average price of $7.65 per share, with a total value of $841,500.00. Following the transaction, the insider now directly owns 12,259,784 shares of the company’s stock, valued at approximately $93,787,347.60. This represents a 0.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 310,000 shares of company stock valued at $2,463,500 in the last quarter. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the stock. Performa Ltd US LLC lifted its position in shares of JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after purchasing an additional 3,950 shares during the period. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after purchasing an additional 1,284 shares during the period. Quarry LP purchased a new stake in shares of JELD-WEN in the 4th quarter worth about $46,000. US Bancorp DE lifted its position in shares of JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of JELD-WEN in the 4th quarter worth about $83,000. 95.04% of the stock is 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.