JELD-WEN (NYSE:JELD) Given New $8.00 Price Target at The Goldman Sachs Group

JELD-WEN (NYSE:JELD) had its price target dropped by analysts 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 objective suggests a potential upside of 29.70% from the stock’s current price.

A number of other research firms have also recently issued reports on JELD. Barclays reduced their price objective on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. UBS Group reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their price target on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.44.

JELD-WEN Stock Down 8.5 %

JELD opened at $6.17 on Wednesday. The stock’s 50 day moving average price is $8.91 and its 200 day moving average price is $11.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market cap of $521.94 million, a P/E ratio of -3.38 and a beta of 2.17. JELD-WEN has a 12 month low of $6.20 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The business had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. As a group, research analysts predict that JELD-WEN will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $987,500.00. Following the completion of the purchase, the insider now directly owns 12,042,190 shares in the company, valued at $95,133,301. This trade represents a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 310,000 shares of company stock worth $2,463,500. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Large investors have recently added to or reduced their stakes in the company. Performa Ltd US LLC increased its stake in shares of JELD-WEN by 1,580.0% during the fourth 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. raised its stake in 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 in the last quarter. Quarry LP bought a new stake in JELD-WEN in the 4th quarter valued at about $46,000. US Bancorp DE boosted its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after purchasing an additional 7,025 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in shares of JELD-WEN during the 4th quarter worth approximately $83,000. Institutional investors and hedge funds 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.