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

JELD-WEN (NYSE:JELD) had its target price reduced by Royal Bank of Canada from $7.00 to $5.00 in a report issued on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an underperform rating on the stock.

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

JELD-WEN Price Performance

NYSE:JELD opened at $5.97 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock’s 50-day simple moving average is $8.56 and its 200 day simple moving average is $11.75. The company has a market cap of $504.76 million, a P/E ratio of -2.67 and a beta of 2.17. JELD-WEN has a 52-week low of $5.79 and a 52-week high of $21.75.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, sell-side analysts forecast that JELD-WEN will post 0.88 EPS for the current fiscal year.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 75,000 shares of JELD-WEN stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the acquisition, the insider now directly owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 310,000 shares of company stock worth $2,463,500 over the last quarter. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. Geode Capital Management LLC boosted its stake in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after buying an additional 9,468 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of JELD-WEN by 57.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. Natixis Advisors LLC boosted its stake in shares of JELD-WEN by 78.1% in the third quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after buying an additional 180,511 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of JELD-WEN in the third quarter valued at approximately $293,000. 95.04% of the stock is currently owned by institutional investors.

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.