Jeld-Wen (JELD) Receives “Hold” Rating from Citigroup
Citigroup reaffirmed their hold rating on shares of Jeld-Wen (NYSE:JELD) in a report published on Thursday morning, MarketBeat Ratings reports. They currently have a $35.00 price objective on the stock, down from their previous price objective of $37.00.
Several other research firms have also recently commented on JELD. Bank of America reiterated a buy rating and issued a $41.00 price target (down previously from $44.00) on shares of Jeld-Wen in a research note on Thursday, February 22nd. Zacks Investment Research cut Jeld-Wen from a strong-buy rating to a hold rating in a research note on Friday, February 23rd. Credit Suisse Group cut Jeld-Wen from an outperform rating to a neutral rating in a research note on Wednesday, February 28th. Royal Bank of Canada set a $39.00 price target on Jeld-Wen and gave the stock a buy rating in a research note on Friday, February 23rd. Finally, Barclays boosted their price target on Jeld-Wen from $37.00 to $39.00 and gave the stock an overweight rating in a research note on Wednesday, November 8th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $39.00.
Jeld-Wen (JELD) traded down $0.02 during trading hours on Thursday, hitting $31.54. The company had a trading volume of 62,685 shares, compared to its average volume of 942,064. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. Jeld-Wen has a fifty-two week low of $27.61 and a fifty-two week high of $42.27. The firm has a market capitalization of $3,714.45, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.09 and a beta of 2.76.
In other news, Director Patrick Wright Tolbert acquired 2,860 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $30.88 per share, with a total value of $88,316.80. Following the completion of the acquisition, the director now directly owns 4,343 shares in the company, valued at $134,111.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Jeld-Wen during the third quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jeld-Wen by 331.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after purchasing an additional 2,706 shares during the last quarter. Strs Ohio bought a new position in shares of Jeld-Wen during the fourth quarter valued at approximately $149,000. Virtu Financial LLC bought a new position in shares of Jeld-Wen during the fourth quarter valued at approximately $205,000. Finally, Breton Hill Capital Ltd. bought a new position in shares of Jeld-Wen during the third quarter valued at approximately $208,000. 52.54% of the stock is owned by institutional investors.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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