A number of other analysts also recently issued reports on JELD. B. Riley dropped their price target on Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. TheStreet raised Jeld-Wen from a “d+” rating to a “c-” rating in a report on Monday, July 22nd. Royal Bank of Canada decreased their price objective on Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, October 14th. Bank of America reissued a “sell” rating and set a $18.00 price objective on shares of Jeld-Wen in a report on Monday, August 26th. Finally, Barclays reissued a “buy” rating and set a $20.00 price objective on shares of Jeld-Wen in a report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.00.
Shares of JELD traded up $0.02 during trading hours on Monday, reaching $17.49. 441,900 shares of the company’s stock traded hands, compared to its average volume of 487,286. The stock has a market cap of $1.74 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.40 and a beta of 2.62. The company has a current ratio of 1.66, a quick ratio of 0.96 and a debt-to-equity ratio of 2.11. The firm’s 50 day simple moving average is $18.26 and its 200-day simple moving average is $19.56. Jeld-Wen has a 12 month low of $13.28 and a 12 month high of $22.27.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in Jeld-Wen by 208,100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock worth $44,000 after purchasing an additional 2,081 shares during the period. Acadian Asset Management LLC purchased a new position in Jeld-Wen in the 2nd quarter worth approximately $49,000. Point72 Hong Kong Ltd purchased a new position in Jeld-Wen in the 2nd quarter worth approximately $58,000. Aperio Group LLC purchased a new position in Jeld-Wen in the 2nd quarter worth approximately $117,000. Finally, Bank of Montreal Can increased its stake in Jeld-Wen by 1,572.7% in the 2nd quarter. Bank of Montreal Can now owns 6,055 shares of the company’s stock worth $129,000 after purchasing an additional 5,693 shares during the period. 60.00% of the stock is currently owned by institutional investors.
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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