JELD-WEN (NYSE:JELD) Price Target Raised to $17.00 at Jefferies Financial Group

JELD-WEN (NYSE:JELD) had its price target hoisted by equities researchers at Jefferies Financial Group from $15.00 to $17.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 8.01% from the company’s previous close.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday. Loop Capital lowered their price objective on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Barclays reduced their target price on shares of JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $13.00 price target on shares of JELD-WEN in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.30.

JELD-WEN Price Performance

NYSE JELD traded down $0.03 on Wednesday, reaching $15.74. The company had a trading volume of 276,822 shares, compared to its average volume of 664,209. The stock has a market capitalization of $1.35 billion, a PE ratio of 68.43 and a beta of 2.24. JELD-WEN has a 12 month low of $11.02 and a 12 month high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.53. The firm’s 50 day moving average price is $14.74 and its 200 day moving average price is $15.83.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was down 12.4% compared to the same quarter last year. As a group, equities analysts predict that JELD-WEN will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On JELD-WEN

A number of large investors have recently bought and sold shares of JELD. Pzena Investment Management LLC increased its position in shares of JELD-WEN by 26.3% during the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after acquiring an additional 1,939,052 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock worth $17,985,000 after purchasing an additional 1,017,275 shares during the period. Engine Capital Management LP raised its position in JELD-WEN by 223.6% during the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of JELD-WEN in the 2nd quarter worth $5,342,000. Finally, Bank of New York Mellon Corp grew its position in shares of JELD-WEN by 19.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company’s stock worth $18,400,000 after buying an additional 220,177 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

About JELD-WEN

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.