Royal Bank of Canada Cuts JELD-WEN (NYSE:JELD) Price Target to $5.00

JELD-WEN (NYSE:JELD) had its price objective cut by Royal Bank of Canada from $7.00 to $5.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an underperform rating on the stock.

Several other research analysts also recently issued reports on the stock. Barclays lowered their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group lowered their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, JELD-WEN has a consensus rating of “Hold” and an average target price of $9.56.

JELD-WEN Stock Down 3.3 %

Shares of JELD opened at $5.97 on Wednesday. JELD-WEN has a one year low of $5.79 and a one year high of $21.75. The company has a market cap of $504.76 million, a P/E ratio of -2.67 and a beta of 2.17. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $8.56 and a two-hundred day simple moving average of $11.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $895.70 million for the quarter, compared to analyst estimates of $860.82 million. Research analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the completion of the transaction, the insider now owns 12,042,190 shares of the company’s stock, valued at $95,133,301. The trade was a 1.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 310,000 shares of company stock worth $2,463,500 over the last three months. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

Institutional investors have recently bought and sold shares of the company. Performa Ltd US LLC boosted its position in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the last quarter. Blue Trust Inc. boosted its position in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the last quarter. Quarry LP bought a new stake in JELD-WEN during the fourth quarter valued at $46,000. US Bancorp DE boosted its position in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after purchasing an additional 7,025 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of JELD-WEN during the 4th quarter worth about $83,000. Institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.