JELD-WEN (NYSE:JELD) Given New $1.80 Price Target at UBS Group

Key Points

• UBS Group raised its JELD-WEN price target to $1.80 from $1.60 while maintaining a “neutral” rating, implying roughly 1% downside from the stock’s $1.82 price.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Reduce” rating and an average target price of $1.98, with five Hold ratings and one Sell rating.
• JELD-WEN beat quarterly estimates, reporting a loss of $0.11 per share versus the expected $0.14 loss and revenue of $817.84 million against an estimate of $792.64 million.

JELD-WEN (NYSE:JELD - Get Free Report) had its price target upped by research analysts at UBS Group from $1.60 to $1.80 in a report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential downside of 1.04% from the company's current price.

Several other research analysts have also issued reports on JELD. Barclays raised their target price on JELD-WEN from $1.50 to $2.00 and gave the stock an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group cut their price objective on JELD-WEN from $1.75 to $1.50 and set a "neutral" rating on the stock in a research note on Friday, July 10th. Wall Street Zen cut JELD-WEN from a "sell" rating to a "strong sell" rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of JELD-WEN in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $1.98.

JELD-WEN Price Performance

JELD traded up $0.01 on Wednesday, reaching $1.82. The stock had a trading volume of 2,366,461 shares, compared to its average volume of 1,807,547. JELD-WEN has a fifty-two week low of $0.93 and a fifty-two week high of $6.97. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $1.72. The company has a current ratio of 1.68, a quick ratio of 0.93 and a debt-to-equity ratio of 97.65. The company has a market capitalization of $156.71 million, a price-to-earnings ratio of -0.31 and a beta of 2.10.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. JELD-WEN had a negative return on equity of 164.61% and a negative net margin of 16.36%.The company had revenue of $817.84 million during the quarter, compared to the consensus estimate of $792.64 million.

Insiders Place Their Bets

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction on Monday, May 11th. The shares were sold at an average price of $1.66, for a total transaction of $32,341.78. Following the transaction, the director directly owned 88,158 shares of the company's stock, valued at $146,342.28. The trade was a 18.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.87% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Performa Ltd US LLC boosted its holdings in shares of JELD-WEN by 73.8% in the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company's stock worth $32,000 after acquiring an additional 5,500 shares during the period. State of Wyoming purchased a new stake in shares of JELD-WEN in the first quarter worth $33,000. Aaron Wealth Advisors LLC purchased a new stake in shares of JELD-WEN in the fourth quarter worth $36,000. Banco BTG Pactual S.A. bought a new stake in JELD-WEN during the fourth quarter valued at $38,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in JELD-WEN during the fourth quarter valued at $42,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company's portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN's products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source