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 objective raised by investment analysts at UBS Group from $5.00 to $5.75 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 9.42% from the stock's previous close.

JELD has been the topic of a number of other reports. Loop Capital dropped their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research note on Wednesday, May 7th. Barclays lifted their price target on shares of JELD-WEN from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Thursday. Wall Street Zen downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group reduced their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock 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 stock. Based on data from MarketBeat.com, JELD-WEN has an average rating of "Hold" and an average target price of $7.50.

JELD-WEN Stock Up 1.1%

Shares of NYSE JELD traded up $0.06 during midday trading on Thursday, reaching $5.26. 1,543,398 shares of the company's stock traded hands, compared to its average volume of 1,550,449. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The stock's 50 day simple moving average is $4.32 and its 200-day simple moving average is $5.32. JELD-WEN has a one year low of $3.27 and a one year high of $16.43. The company has a market cap of $448.78 million, a price-to-earnings ratio of -1.29 and a beta of 1.65.

Institutional Investors Weigh In On JELD-WEN

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of JELD-WEN by 238.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company's stock worth $29,000 after buying an additional 5,205 shares during the period. CWM LLC raised its holdings in shares of JELD-WEN by 2,140.2% during the first quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after purchasing an additional 6,121 shares during the last quarter. Quarry LP purchased a new position in shares of JELD-WEN during the fourth quarter worth $46,000. Y Intercept Hong Kong Ltd purchased a new position in shares of JELD-WEN during the second quarter worth $49,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of JELD-WEN during the second quarter worth $52,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

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.