Truist Financial Cuts JELD-WEN (NYSE:JELD) Price Target to $7.00

by · The Markets Daily

JELD-WEN (NYSE:JELD – Free Report) had its price target decreased by Truist Financial from $11.00 to $7.00 in a research note published on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

JELD has been the topic of a number of other research reports. The Goldman Sachs Group lowered their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. B. Riley lowered their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. UBS Group lowered their price target on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday. Barclays lowered their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Loop Capital reduced their price objective on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, JELD-WEN currently has an average rating of “Hold” and a consensus target price of $9.56.

View Our Latest Stock Analysis on JELD-WEN

JELD-WEN Stock Performance

Shares of JELD stock opened at $5.97 on Wednesday. The stock’s 50-day moving average is $8.56 and its two-hundred day moving average is $11.75. The firm has a market cap of $504.76 million, a price-to-earnings ratio of -2.67 and a beta of 2.17. JELD-WEN has a 1 year low of $5.79 and a 1 year high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03.

JELD-WEN (NYSE:JELD – Get Free Report) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The company had revenue of $895.70 million for the quarter, compared to analysts’ expectations of $860.82 million. Analysts predict that JELD-WEN will post 0.88 earnings per share for the current year.

Insider Activity at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the transaction, the insider now owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought a total of 310,000 shares of company stock worth $2,463,500 over the last 90 days. Company insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds and other institutional investors have recently modified their holdings of JELD. Performa Ltd US LLC lifted its position in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the period. Blue Trust Inc. lifted its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the period. Quarry LP acquired a new stake in shares of JELD-WEN during the 4th quarter valued at approximately $46,000. US Bancorp DE lifted its position in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN during the 4th quarter valued at approximately $83,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Company Profile

(Get Free Report)

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.

Read More