JELD-WEN (NYSE:JELD) Price Target Raised to $5.75

Key Points

• UBS Group raised the price target for JELD-WEN from $5.00 to $5.75, maintaining a "neutral" rating, indicating a potential upside of 4.45% from the current price.
• JELD-WEN's stock was rated "sell" by Wall Street Zen and faced multiple price target adjustments from other analysts, with an average rating of "Hold" and a consensus price target of $7.50.
• The company reported a quarterly earnings per share of ($0.17), which was better than analysts' expectations, despite a 19.1% decline in revenue compared to the same quarter last year.

JELD-WEN (NYSE:JELD - Get Free Report) had its price target hoisted by equities research analysts at UBS Group from $5.00 to $5.75 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 4.45% from the company's current price.

JELD has been the topic of a number of other reports. Wall Street Zen lowered JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Barclays increased their price objective on JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday. The Goldman Sachs Group dropped their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada lowered their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Loop Capital reduced their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.50.

JELD-WEN Stock Performance

JELD stock traded down $0.04 during trading on Thursday, hitting $5.51. 973,965 shares of the company traded hands, compared to its average volume of 1,563,693. The stock's 50-day simple moving average is $4.23 and its 200 day simple moving average is $5.47. 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 company has a market cap of $469.94 million, a PE ratio of -1.36 and a beta of 1.65. JELD-WEN has a 1 year low of $3.27 and a 1 year high of $16.43.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. JELD-WEN had a negative return on equity of 1.52% and a negative net margin of 10.03%. The business's revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities analysts expect that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JELD-WEN

Several institutional investors and hedge funds have recently added to or reduced their stakes in JELD. KLP Kapitalforvaltning AS acquired a new stake in JELD-WEN during the fourth quarter worth about $123,000. Vanguard Group Inc. grew its stake in shares of JELD-WEN by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of JELD-WEN by 64.0% in the fourth quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company's stock valued at $1,747,000 after buying an additional 83,203 shares in the last quarter. Norges Bank acquired a new stake in shares of JELD-WEN in the fourth quarter valued at about $1,694,000. Finally, Wells Fargo & Company MN grew its stake in shares of JELD-WEN by 45.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,214 shares of the company's stock valued at $419,000 after buying an additional 16,091 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Company Profile

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.

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