The Goldman Sachs Group Issues Pessimistic Forecast for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price target lowered by equities research analysts at The Goldman Sachs Group from $10.00 to $9.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 4.65% from the company’s current price.

A number of other research firms have also recently commented on JELD. Barclays decreased their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. B. Riley dropped their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group boosted their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group restated a “neutral” rating and set a $9.00 price target (down previously from $15.00) on shares of JELD-WEN in a report on Wednesday, January 8th. Finally, 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. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.75.

JELD-WEN Trading Up 1.3 %

Shares of JELD-WEN stock opened at $8.60 on Tuesday. JELD-WEN has a fifty-two week low of $7.43 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm has a market capitalization of $727.73 million, a price-to-earnings ratio of -4.70 and a beta of 2.16. The stock has a 50 day moving average of $9.66 and a 200 day moving average of $12.97.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, research analysts predict that JELD-WEN will post 0.73 earnings per share for the current year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 450,000 shares of JELD-WEN stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $10.06 per share, for a total transaction of $4,527,000.00. Following the completion of the transaction, the insider now directly owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. This trade represents a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 885,000 shares of company stock worth $8,452,000 in the last quarter. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares in the last quarter. MQS Management LLC purchased a new position in JELD-WEN in the 3rd quarter valued at about $160,000. Xponance Inc. acquired a new stake in shares of JELD-WEN during the 2nd quarter worth about $198,000. Diversified Trust Co grew its holdings in shares of JELD-WEN by 8.8% during the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after buying an additional 2,242 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of JELD-WEN by 13.2% in the second quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after buying an additional 2,100 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.