Jeld-Wen (NYSE:JELD) Downgraded to Sell at ValuEngine

Jeld-Wen (NYSE:JELD) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.

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.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, analysts expect that Jeld-Wen will post 1.38 earnings per share for the current fiscal year.

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.

About Jeld-Wen

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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