Somewhat Favorable News Coverage Somewhat Unlikely to Impact JELD-WEN (JELD) Share Price
Press coverage about JELD-WEN (NYSE:JELD) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JELD-WEN earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.4625878330414 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have commented on JELD shares. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 target price on shares of JELD-WEN in a research report on Tuesday, August 29th. SunTrust Banks reiterated a “hold” rating on shares of JELD-WEN in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of JELD-WEN from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, October 23rd. Bank of America upgraded shares of JELD-WEN from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $40.00 in a research report on Thursday, September 7th. Finally, Goldman Sachs Group upgraded shares of JELD-WEN from a “neutral” rating to a “buy” rating and upped their target price for the company from $35.00 to $37.00 in a research report on Wednesday, September 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. JELD-WEN has a consensus rating of “Buy” and a consensus price target of $37.27.
Shares of JELD-WEN (NYSE JELD) traded up $0.03 during midday trading on Friday, reaching $38.63. 1,060,864 shares of the company were exchanged, compared to its average volume of 979,970. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.93 and a quick ratio of 1.28. JELD-WEN has a 12-month low of $24.95 and a 12-month high of $40.25.
In other news, Chairman Kirk S. Hachigian sold 156,029 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the transaction, the chairman now directly owns 413,930 shares in the company, valued at approximately $13,552,068.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John R. Linker sold 7,235 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $236,873.90. Following the transaction, the senior vice president now owns 14,453 shares of the company’s stock, valued at $473,191.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,672,683 shares of company stock valued at $1,560,803,641.
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JELD-WEN Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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