Credit Suisse Group Analysts Give Jeld-Wen (JELD) a $23.00 Price Target

Credit Suisse Group set a $23.00 target price on Jeld-Wen (NYSE:JELD) in a research report released on Tuesday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Several other analysts have also issued reports on the stock. Robert W. Baird reduced their price objective on shares of Jeld-Wen from $23.00 to $19.00 and set a neutral rating on the stock in a report on Tuesday. SunTrust Banks reduced their price objective on shares of Jeld-Wen to $19.00 and set a hold rating on the stock in a report on Tuesday. Barclays reduced their price objective on shares of Jeld-Wen from $32.00 to $23.00 and set a buy rating on the stock in a report on Tuesday. Bank of America set a $23.00 price objective on shares of Jeld-Wen and gave the company a sell rating in a report on Thursday, October 11th. Finally, Zacks Investment Research upgraded shares of Jeld-Wen from a strong sell rating to a hold rating in a report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $27.27.

Shares of JELD opened at $17.08 on Tuesday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.56 and a beta of 1.64. Jeld-Wen has a 12-month low of $16.49 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.21 and a current ratio of 2.03.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the 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%. Analysts expect that Jeld-Wen will post 1.7 earnings per share for the current year.

In other Jeld-Wen news, EVP Peter Maxwell sold 4,982 shares of Jeld-Wen stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $26.16, for a total value of $130,329.12. Following the completion of the transaction, the executive vice president now directly owns 17,136 shares of the company’s stock, valued at approximately $448,277.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.55% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock worth $114,000 after buying an additional 2,924 shares in the last quarter. Caption Management LLC acquired a new position in shares of Jeld-Wen during the second quarter worth about $143,000. Summit Trail Advisors LLC lifted its stake in Jeld-Wen by 2,656.7% during the first quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock worth $201,000 after purchasing an additional 193,409 shares during the last quarter. Amalgamated Bank lifted its stake in Jeld-Wen by 19.1% during the second 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. Finally, Xact Kapitalforvaltning AB lifted its stake in Jeld-Wen by 78.8% during the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock worth $361,000 after purchasing an additional 5,200 shares during the last quarter. 64.43% of the stock is 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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