Barclays Forecasts Strong Price Appreciation for JELD-WEN (NYSE:JELD) Stock

Key Points

• Barclays has raised the price target for JELD-WEN from $4.50 to $5.00, indicating a potential downside of 10.23% from the company's previous close.
• Other analysts have been more bearish, with Loop Capital lowering its target price to $4.00 and Royal Bank of Canada reducing it to $2.00, reflecting a generally cautious outlook on the stock.
• JELD-WEN reported a quarterly EPS of ($0.17), surpassing estimates, although its revenue decreased by 19.1% year-over-year, highlighting ongoing financial challenges.

JELD-WEN (NYSE:JELD - Free Report) had its target price lifted by Barclays from $4.50 to $5.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on JELD. Royal Bank Of Canada cut their price objective on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Loop Capital dropped their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group dropped their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.50.

JELD-WEN Trading Down 4.1%

Shares of NYSE:JELD traded down $0.22 during midday trading on Thursday, reaching $5.21. 1,473,176 shares of the company's stock were exchanged, compared to its average volume of 1,523,579. The firm's 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $5.38. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The stock has a market cap of $444.76 million, a price-to-earnings ratio of -1.28 and a beta of 1.65. JELD-WEN has a fifty-two week low of $3.27 and a fifty-two week high of $16.43.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently made changes to their positions in JELD. Leavell Investment Management Inc. lifted its stake in JELD-WEN by 14.0% during the first quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company's stock worth $102,000 after purchasing an additional 2,107 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in JELD-WEN by 4.5% in the second quarter. SummerHaven Investment Management LLC now owns 62,381 shares of the company's stock valued at $245,000 after buying an additional 2,661 shares during the last quarter. MetLife Investment Management LLC lifted its stake in JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after buying an additional 3,066 shares during the last quarter. Intech Investment Management LLC lifted its stake in JELD-WEN by 12.3% in the second quarter. Intech Investment Management LLC now owns 40,648 shares of the company's stock valued at $159,000 after buying an additional 4,455 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company's stock valued at $412,000 after purchasing an additional 4,944 shares during the period. 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.