UBS Group Lowers JELD-WEN (NYSE:JELD) Price Target to $15.00

JELD-WEN (NYSE:JELD) had its price target decreased by equities research analysts at UBS Group from $19.00 to $15.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 38.38% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays dropped their price objective 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. Jefferies Financial Group increased their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Loop Capital dropped their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Royal Bank of Canada dropped their price objective on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, JELD-WEN presently has a consensus rating of “Hold” and a consensus price target of $15.50.

JELD-WEN Trading Up 9.3 %

NYSE:JELD traded up $0.92 during trading hours on Wednesday, reaching $10.84. 1,795,509 shares of the company were exchanged, compared to its average volume of 666,773. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a market cap of $916.45 million, a price-to-earnings ratio of -5.97 and a beta of 2.25. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75. The stock has a 50 day simple moving average of $14.79 and a 200 day simple moving average of $15.05.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The company had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $990.64 million. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, analysts predict that JELD-WEN will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JELD. SummerHaven Investment Management LLC lifted its position in shares of JELD-WEN by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,076 shares of the company’s stock worth $567,000 after buying an additional 1,025 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after buying an additional 1,205 shares during the last quarter. 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 buying an additional 1,284 shares during the last quarter. Diversified Trust Co lifted its position in shares of JELD-WEN by 6.6% in the 2nd quarter. Diversified Trust Co now owns 25,916 shares of the company’s stock worth $349,000 after buying an additional 1,615 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of JELD-WEN by 790.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after buying an additional 1,922 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

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.