The Goldman Sachs Group Raises JELD-WEN (NYSE:JELD) Price Target to $17.00

JELD-WEN (NYSE:JELD) had its target price raised by The Goldman Sachs Group from $15.00 to $17.00 in a report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

JELD has been the topic of a number of other research reports. Barclays cut their target price on JELD-WEN from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, July 12th. Loop Capital cut their price objective on JELD-WEN from $17.00 to $16.00 and set a hold rating on the stock in a research report on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed an underperform rating and set a $13.00 target price on shares of JELD-WEN in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, JELD-WEN currently has an average rating of Hold and an average price target of $17.30.

JELD-WEN Stock Up 3.3 %

Shares of NYSE:JELD opened at $15.16 on Tuesday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -34.45 and a beta of 2.24. The business’s 50 day moving average is $14.70 and its 200 day moving average is $15.79. 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.

JELD-WEN (NYSE:JELD) last posted 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 negative net margin of 0.92% and a positive return on equity of 14.32%. The firm had revenue of $986.00 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted 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 in the last quarter. Vaughan Nelson Investment Management L.P. lifted 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 in the last quarter. Engine Capital Management LP boosted its stake in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after purchasing an additional 803,095 shares during the period. Hennessy Advisors Inc. purchased a new position in JELD-WEN during the 2nd quarter valued at about $5,342,000. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $18,400,000 after buying an additional 220,177 shares in the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.