JELD-WEN (NYSE:JELD) Price Target Increased to $17.00 by Analysts at Jefferies Financial Group

JELD-WEN (NYSE:JELD) had its price objective upped by Jefferies Financial Group from $15.00 to $17.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital decreased their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a hold rating for the company in a report on Friday, July 19th. Royal Bank of Canada restated an underperform rating and set a $13.00 price target on shares of JELD-WEN in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a neutral rating in a report on Tuesday, October 8th. Finally, Barclays decreased their price target on shares of JELD-WEN from $15.00 to $13.00 and set an equal weight rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, JELD-WEN presently has an average rating of Hold and a consensus price target of $17.30.

JELD-WEN Trading Up 3.3 %

Shares of NYSE:JELD opened at $15.16 on Wednesday. The stock has a market capitalization of $1.30 billion, a PE ratio of 65.91 and a beta of 2.24. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The firm has a fifty day moving average price of $14.70 and a 200 day moving average price of $15.75. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $986.00 million during 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%. JELD-WEN’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Analysts expect that JELD-WEN will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of JELD-WEN in the third quarter valued at about $331,000. The Manufacturers Life Insurance Company lifted its stake in shares of JELD-WEN by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock valued at $585,000 after buying an additional 3,066 shares during the period. Engine Capital Management LP lifted its stake in shares of JELD-WEN by 223.6% in the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after buying an additional 803,095 shares during the period. Xponance Inc. bought a new stake in shares of JELD-WEN in the second quarter valued at about $198,000. Finally, Sei Investments Co. lifted its stake 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 period. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.