Barclays Issues Pessimistic Forecast for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD) had its price target reduced by equities research analysts at Barclays from $2.00 to $1.50 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 43.54% from the company’s previous close.

Several other equities research analysts have also recently commented on JELD. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 target price on shares of JELD-WEN in a research note on Thursday, August 6th. Weiss Ratings raised JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. UBS Group raised their price target on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, JELD-WEN presently has an average rating of “Reduce” and a consensus price target of $1.98.

JELD-WEN Price Performance

Shares of JELD stock traded up $0.04 during trading hours on Thursday, reaching $1.04. 1,262,723 shares of the company were exchanged, compared to its average volume of 1,221,329. JELD-WEN has a fifty-two week low of $0.93 and a fifty-two week high of $3.27. The stock’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.72. The company has a market cap of $90.66 million, a price-to-earnings ratio of -0.54 and a beta of 2.28. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%. The business had revenue of $798.51 million during the quarter, compared to analyst estimates of $804.29 million.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $1.16, for a total transaction of $348,000.00. Following the completion of the sale, the insider owned 858,095 shares in the company, valued at approximately $995,390.20. The trade was a 25.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. grew its stake in shares of JELD-WEN by 16.7% during the third quarter. Jefferies Financial Group Inc. now owns 882,000 shares of the company’s stock worth $1,623,000 after purchasing an additional 126,537 shares during the period. Covestor Ltd increased its holdings in JELD-WEN by 25,698.1% in the third quarter. Covestor Ltd now owns 26,830 shares of the company’s stock valued at $49,000 after purchasing an additional 26,726 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in JELD-WEN in the third quarter valued at about $107,000. Squarepoint Ops LLC acquired a new position in JELD-WEN in the second quarter valued at about $216,000. Finally, Corient Private Wealth LP acquired a new position in JELD-WEN in the second quarter valued at about $40,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Company Profile

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.