Royal Bank of Canada lowered shares of Jeld-Wen (NYSE:JELD) from an outperform rating to a sector perform rating in a research note issued to investors on Friday, Marketbeat Ratings reports. Royal Bank of Canada currently has $18.00 target price on the stock, down from their prior target price of $21.00.
Several other research firms also recently weighed in on JELD. Macquarie assumed coverage on shares of Jeld-Wen in a report on Wednesday, September 26th. They set a buy rating and a $35.00 target price for the company. Robert W. Baird downgraded shares of Jeld-Wen from an outperform rating to a neutral rating and dropped their target price for the company from $34.00 to $23.00 in a report on Monday, October 8th. Barclays dropped their target price on shares of Jeld-Wen from $35.00 to $32.00 and set a buy rating for the company in a report on Tuesday, October 9th. Goldman Sachs Group initiated coverage on shares of Jeld-Wen in a report on Tuesday, October 2nd. They set a buy rating and a $31.00 price target for the company. 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $23.93.
NYSE:JELD opened at $16.37 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 1.89. Jeld-Wen has a twelve month low of $13.28 and a twelve month high of $41.37. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.75 and a beta of 2.66.
Several hedge funds and other institutional investors have recently modified their holdings of JELD. Channing Capital Management LLC grew its holdings in shares of Jeld-Wen by 583.4% during the third quarter. Channing Capital Management LLC now owns 1,966,637 shares of the company’s stock worth $48,497,000 after buying an additional 1,678,868 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Jeld-Wen in the third quarter worth approximately $24,660,000. Hound Partners LLC boosted its position in shares of Jeld-Wen by 9.9% in the third quarter. Hound Partners LLC now owns 8,218,358 shares of the company’s stock worth $202,665,000 after acquiring an additional 737,178 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Jeld-Wen in the third quarter worth approximately $16,600,000. Finally, Davidson Kempner Capital Management LP boosted its position in shares of Jeld-Wen by 146.2% in the second quarter. Davidson Kempner Capital Management LP now owns 800,000 shares of the company’s stock worth $22,872,000 after acquiring an additional 475,000 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.
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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