Jeld-Wen (NYSE:JELD) had its target price lowered by B. Riley from $37.00 to $30.00 in a research note issued to investors on Wednesday morning. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Jeld-Wen’s Q3 2018 earnings at $0.56 EPS, FY2018 earnings at $1.77 EPS and FY2019 earnings at $2.14 EPS.

A number of other research firms also recently commented on JELD. Credit Suisse Group dropped their target price on shares of Jeld-Wen from $33.00 to $30.00 and set a neutral rating on the stock in a research report on Wednesday. Bank of America downgraded shares of Jeld-Wen from a neutral rating to an underperform rating and set a $29.00 target price on the stock. in a research report on Wednesday. Zacks Investment Research downgraded shares of Jeld-Wen from a buy rating to a hold rating in a research report on Friday, May 11th. Barclays lowered their price objective on shares of Jeld-Wen from $37.00 to $35.00 and set an overweight rating on the stock in a research report on Wednesday. Finally, Deutsche Bank lowered their price objective on shares of Jeld-Wen from $35.00 to $31.00 and set a hold rating on the stock in a research report on Monday, June 25th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $33.31.

Shares of NYSE JELD traded down $0.81 during mid-day trading on Wednesday, reaching $24.59. The company had a trading volume of 1,085,103 shares, compared to its average volume of 821,459. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.03 and a quick ratio of 1.13. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00. Jeld-Wen has a 52-week low of $23.44 and a 52-week high of $42.27.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. sell-side analysts forecast that Jeld-Wen will post 1.89 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its position in Jeld-Wen by 19.1% during the 2nd quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock worth $306,000 after purchasing an additional 1,721 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Jeld-Wen by 23.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,600 shares of the company’s stock worth $417,000 after purchasing an additional 2,800 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Jeld-Wen by 337.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after purchasing an additional 2,924 shares during the last quarter. Tdam USA Inc. grew its position in Jeld-Wen by 6.4% during the 1st quarter. Tdam USA Inc. now owns 62,191 shares of the company’s stock worth $1,904,000 after purchasing an additional 3,732 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Jeld-Wen by 41.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,938 shares of the company’s stock worth $396,000 after purchasing an additional 3,798 shares during the last quarter. 61.88% of the stock is currently owned by institutional investors.

Jeld-Wen Company Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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