Wells Fargo & Co Upgrades Jeld-Wen (NYSE:JELD) to Overweight

Wells Fargo & Co upgraded shares of Jeld-Wen (NYSE:JELD) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has $30.00 target price on the stock, up from their prior target price of $18.00.

Other analysts have also recently issued reports about the stock. Robert W. Baird upgraded shares of Jeld-Wen from a neutral rating to an outperform rating and upped their target price for the company from $22.00 to $26.00 in a research report on Tuesday, November 26th. Jefferies Financial Group upgraded shares of Jeld-Wen from a hold rating to a buy rating and upped their price target for the company from $21.00 to $29.00 in a report on Monday, January 6th. Goldman Sachs Group started coverage on shares of Jeld-Wen in a report on Friday, December 6th. They set a neutral rating and a $22.00 price target on the stock. Zacks Investment Research upgraded shares of Jeld-Wen from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price target on shares of Jeld-Wen from $20.00 to $17.00 and set a sector perform rating on the stock in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average price target of $24.73.

Shares of NYSE JELD traded down $0.26 during mid-day trading on Tuesday, hitting $26.28. 35,647 shares of the company’s stock traded hands, compared to its average volume of 593,370. The company’s 50-day moving average is $24.07 and its two-hundred day moving average is $20.48. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.57 and a quick ratio of 0.94. The company has a market capitalization of $2.68 billion, a P/E ratio of 28.33, a PEG ratio of 1.72 and a beta of 2.73. Jeld-Wen has a 1 year low of $15.33 and a 1 year high of $27.00.

Jeld-Wen (NYSE:JELD) last announced its earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a net margin of 2.22% and a return on equity of 17.68%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Equities analysts anticipate that Jeld-Wen will post 1.21 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in Jeld-Wen by 1.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,721 shares of the company’s stock worth $1,480,000 after acquiring an additional 947 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Jeld-Wen by 6.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,853 shares of the company’s stock worth $422,000 after acquiring an additional 1,160 shares in the last quarter. California State Teachers Retirement System grew its stake in Jeld-Wen by 1.1% in the 3rd quarter. California State Teachers Retirement System now owns 105,251 shares of the company’s stock worth $2,030,000 after acquiring an additional 1,164 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Jeld-Wen in the 4th quarter worth about $32,000. Finally, Parametric Portfolio Associates LLC grew its stake in Jeld-Wen by 1.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,891 shares of the company’s stock worth $1,696,000 after acquiring an additional 1,443 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Jeld-Wen Company Profile

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.

See Also: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Jeld-Wen (NYSE:JELD)

Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.