UBS Group Lowers JELD-WEN (NYSE:JELD) Price Target to $15.00

JELD-WEN (NYSE:JELD) had its price objective reduced by equities research analysts at UBS Group from $19.00 to $15.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 38.38% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Loop Capital dropped their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research note on Wednesday. Barclays lowered their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and a consensus price target of $15.50.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded up $0.92 on Wednesday, reaching $10.84. The company’s stock had a trading volume of 1,795,509 shares, compared to its average volume of 666,773. The stock’s 50-day moving average is $14.79 and its two-hundred day moving average is $15.05. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market capitalization of $916.45 million, a P/E ratio of -5.97 and a beta of 2.25.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that JELD-WEN will post 1.29 EPS for the current year.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC lifted its stake in shares of JELD-WEN by 33.7% during the first quarter. First Eagle Investment Management LLC now owns 336,684 shares of the company’s stock valued at $7,148,000 after buying an additional 84,900 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of JELD-WEN by 319.9% during 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 buying an additional 1,017,275 shares during the period. Victory Capital Management Inc. lifted its stake in shares of JELD-WEN by 64.7% during the second quarter. Victory Capital Management Inc. now owns 172,126 shares of the company’s stock valued at $2,319,000 after buying an additional 67,604 shares during the period. Edgestream Partners L.P. purchased a new position in shares of JELD-WEN during the second quarter valued at approximately $817,000. Finally, Engine Capital Management LP lifted its stake in shares of JELD-WEN by 223.6% during the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after buying an additional 803,095 shares during the period. Hedge funds and other institutional investors 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.