Jeld-Wen Holding Inc (JELD) Given Average Recommendation of “Buy” by Brokerages

Shares of Jeld-Wen Holding Inc (NYSE:JELD) have been assigned an average rating of “Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.85.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Jeld-Wen from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, October 23rd. B. Riley lifted their price objective on shares of Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Credit Suisse Group reiterated an “outperform” rating and set a $47.00 price objective (up previously from $41.00) on shares of Jeld-Wen in a report on Monday, January 22nd. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and set a $46.00 price objective on shares of Jeld-Wen in a report on Tuesday, January 9th. Finally, Barclays set a $44.00 price objective on shares of Jeld-Wen and gave the company a “buy” rating in a report on Monday, January 8th.

Jeld-Wen (JELD) opened at $37.48 on Tuesday. Jeld-Wen has a 52 week low of $27.61 and a 52 week high of $42.27. The company has a current ratio of 1.93, a quick ratio of 1.28 and a debt-to-equity ratio of 1.40.

In other news, major shareholder Corp Onex sold 20,832,636 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $32.74, for a total value of $682,060,502.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Kirk S. Hachigian sold 156,029 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the sale, the chairman now owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,207,636 shares of company stock valued at $1,152,698,003.

Several large investors have recently bought and sold shares of JELD. Quantbot Technologies LP bought a new stake in shares of Jeld-Wen in the 3rd quarter valued at about $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jeld-Wen by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after purchasing an additional 2,706 shares in the last quarter. Strs Ohio bought a new stake in shares of Jeld-Wen in the 4th quarter valued at about $149,000. Virtu Financial LLC bought a new stake in shares of Jeld-Wen in the 4th quarter valued at about $205,000. Finally, Breton Hill Capital Ltd. bought a new stake in shares of Jeld-Wen in the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 41.46% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Jeld-Wen Holding Inc (JELD) Given Average Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/02/13/jeld-wen-holding-inc-jeld-given-average-recommendation-of-buy-by-brokerages.html.

About Jeld-Wen

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

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.

Leave a Reply