JELD-WEN (NYSE:JELD) Given New $17.00 Price Target at The Goldman Sachs Group

JELD-WEN (NYSE:JELD) had its price objective hoisted by The Goldman Sachs Group from $15.00 to $17.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also commented on JELD. Barclays decreased their price target on JELD-WEN from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada reaffirmed an underperform rating and issued a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. Finally, Loop Capital dropped their price target 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $17.10.

JELD-WEN Trading Down 1.0 %

Shares of JELD opened at $15.78 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average price of $14.74 and a 200 day moving average price of $15.83. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.75. The firm has a market capitalization of $1.36 billion, a P/E ratio of 68.61 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. Sell-side analysts forecast that JELD-WEN will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JELD. Pzena Investment Management LLC boosted its position in JELD-WEN by 26.3% in the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock valued at $125,552,000 after buying an additional 1,939,052 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of JELD-WEN by 319.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after acquiring an additional 1,017,275 shares in the last quarter. Engine Capital Management LP boosted its holdings in 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 purchasing an additional 803,095 shares during the period. Hennessy Advisors Inc. acquired a new position in JELD-WEN during the 2nd quarter worth $5,342,000. Finally, Bank of New York Mellon Corp increased its holdings in JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after purchasing an additional 220,177 shares during the period. 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.