Barclays Has Lowered Expectations for JELD-WEN (NYSE:JELD) Stock Price

JELD-WEN (NYSE:JELD - Free Report) had its price objective trimmed by Barclays from $13.00 to $10.00 in a report released on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of JELD-WEN from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Loop Capital dropped their price objective on JELD-WEN from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, July 19th. Royal Bank of Canada restated an "underperform" rating and issued a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.50.

JELD-WEN Stock Performance

Shares of NYSE JELD traded up $0.95 during trading on Wednesday, reaching $10.87. 2,597,137 shares of the stock traded hands, compared to its average volume of 671,129. The company has a 50-day moving average of $14.79 and a 200-day moving average of $15.05. JELD-WEN has a 52-week low of $8.90 and a 52-week high of $21.75. The stock has a market capitalization of $918.98 million, a P/E ratio of -5.97 and a beta of 2.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.03 and a quick ratio of 1.33.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.08). The business had revenue of $934.70 million during the quarter, compared to analysts' expectations of $990.64 million. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Analysts forecast that JELD-WEN will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC boosted its stake in shares of JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company's stock valued at $125,552,000 after purchasing an additional 1,939,052 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in JELD-WEN by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company's stock valued at $43,461,000 after acquiring an additional 191,657 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock worth $34,504,000 after acquiring an additional 2,010,275 shares during the period. Bank of New York Mellon Corp raised its position in shares of JELD-WEN by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,366,034 shares of the company's stock worth $18,400,000 after acquiring an additional 220,177 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company's stock valued at $17,985,000 after purchasing an additional 1,017,275 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.

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.