JELD-WEN (NYSE:JELD) Given New $9.00 Price Target at Royal Bank of Canada

JELD-WEN (NYSE:JELD) had its target price trimmed by Royal Bank of Canada from $13.00 to $9.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group reduced their price objective on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. 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 research report on Friday, July 19th. Finally, Barclays dropped their target price on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.90.

JELD-WEN Stock Performance

Shares of JELD stock opened at $10.96 on Wednesday. The firm has a 50 day moving average of $14.57 and a two-hundred day moving average of $14.94. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN has a 52 week low of $8.90 and a 52 week high of $21.75.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 11.97%. The company had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $990.64 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, equities analysts predict that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the transaction, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of large investors have recently bought and sold shares of JELD. Allspring Global Investments Holdings LLC lifted its position in JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares during the period. Innealta Capital LLC purchased a new stake in shares of JELD-WEN during the second quarter worth approximately $30,000. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% during the third 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. nVerses Capital LLC purchased a new position in JELD-WEN in the 2nd quarter valued at $92,000. Finally, MQS Management LLC acquired a new position in JELD-WEN in the 3rd quarter valued at $160,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

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.