JELD-WEN (NYSE:JELD) Stock Price Target Lowered at Barclays

JELD-WEN (NYSE:JELD) had its price objective cut by equities researchers at Barclays from $2.00 to $1.50 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 52.28% from the company’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded JELD-WEN from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a report on Thursday, August 6th. UBS Group upped their price target on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $1.98.

JELD-WEN Stock Down 9.6%

Shares of NYSE:JELD traded down $0.10 on Thursday, hitting $0.98. 1,963,736 shares of the company traded hands, compared to its average volume of 1,733,610. The stock has a 50 day simple moving average of $1.75 and a 200-day simple moving average of $1.74. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65. The company has a market cap of $85.46 million, a PE ratio of -0.51 and a beta of 2.28. JELD-WEN has a 52 week low of $0.93 and a 52 week high of $3.27.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $798.51 million for the quarter, compared to the consensus estimate of $804.29 million. JELD-WEN had a negative net margin of 5.26% and a negative return on equity of 365.10%.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently added to or reduced their stakes in the company. Miller Value Partners LLC acquired a new position in shares of JELD-WEN in the 2nd quarter valued at $10,709,000. BlackRock Inc. acquired a new stake in JELD-WEN during the second quarter valued at $3,668,000. Jefferies Financial Group Inc. purchased a new position in JELD-WEN in the second quarter valued at $1,133,000. Bank of America Corp DE purchased a new position in JELD-WEN in the second quarter valued at $723,000. Finally, GSA Capital Partners LLP purchased a new position in JELD-WEN in the second quarter valued at $691,000. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

JELD-WEN Holding, Inc is a manufacturer of windows and doors for residential and commercial construction and remodeling markets. Its products include vinyl, wood, aluminum and composite windows, as well as interior and exterior doors, patio doors and related building products.

The company sells products through building-product distributors, dealers, retail outlets and other channels. Its brands and product offerings serve new construction, repair and remodeling, and replacement applications, with products designed for homes, offices and other buildings.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has expanded into an international building-products company serving customers in North America, Europe and Australia.