Macquarie set a $27.00 price objective on Jeld-Wen (NYSE:JELD) in a report issued on Tuesday. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on JELD. B. Riley cut their price objective on shares of Jeld-Wen from $37.00 to $30.00 and set a neutral rating on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada cut their price objective on shares of Jeld-Wen to $23.00 and set an outperform rating on the stock in a research note on Tuesday. Credit Suisse Group cut their price objective on shares of Jeld-Wen from $33.00 to $30.00 and set a neutral rating on the stock in a research note on Wednesday, August 8th. Citigroup cut their price objective on shares of Jeld-Wen from $32.00 to $27.00 and set a hold rating on the stock in a research note on Thursday, August 9th. Finally, SunTrust Banks cut their price objective on shares of Jeld-Wen to $19.00 and set a hold rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Jeld-Wen presently has an average rating of Hold and a consensus target price of $27.27.

Jeld-Wen stock traded down $0.19 during mid-day trading on Tuesday, reaching $16.94. 798,298 shares of the company traded hands, compared to its average volume of 1,266,571. The company has a current ratio of 2.03, a quick ratio of 1.21 and a debt-to-equity ratio of 1.91. Jeld-Wen has a fifty-two week low of $16.49 and a fifty-two week high of $42.27. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.55 and a beta of 1.64.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.11). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Jeld-Wen had a net margin of 0.82% and a return on equity of 20.44%. On average, sell-side analysts predict that Jeld-Wen will post 1.7 EPS for the current fiscal year.

In related news, EVP Peter Maxwell sold 4,982 shares of the firm’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $26.16, for a total transaction of $130,329.12. Following the sale, the executive vice president now owns 17,136 shares in the company, valued at $448,277.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.55% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in JELD. Envestnet Asset Management Inc. grew its position in Jeld-Wen by 337.3% during the first quarter. Envestnet Asset Management Inc. now owns 3,791 shares of the company’s stock valued at $114,000 after buying an additional 2,924 shares during the period. Caption Management LLC acquired a new stake in Jeld-Wen during the second quarter valued at $143,000. Summit Trail Advisors LLC grew its position in Jeld-Wen by 2,656.7% during the first quarter. Summit Trail Advisors LLC now owns 200,689 shares of the company’s stock valued at $201,000 after buying an additional 193,409 shares during the period. Amalgamated Bank grew its position in Jeld-Wen by 19.1% during the second quarter. Amalgamated Bank now owns 10,717 shares of the company’s stock valued at $306,000 after buying an additional 1,721 shares during the period. Finally, Xact Kapitalforvaltning AB grew its position in Jeld-Wen by 78.8% during the first quarter. Xact Kapitalforvaltning AB now owns 11,800 shares of the company’s stock valued at $361,000 after buying an additional 5,200 shares during the period. Institutional investors own 64.43% of the company’s stock.

About Jeld-Wen

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Analyst Recommendations for Jeld-Wen (NYSE:JELD)

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