Jeld-Wen (JELD) Given a $42.00 Price Target by Royal Bank of Canada Analysts

Jeld-Wen (NYSE:JELD) has been assigned a $42.00 target price by research analysts at Royal Bank of Canada in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 14.22% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of Jeld-Wen in a report on Tuesday, January 9th. Barclays set a $44.00 price target on Jeld-Wen and gave the stock a “buy” rating in a report on Monday, January 8th. Citigroup set a $40.00 price target on Jeld-Wen and gave the stock a “hold” rating in a report on Wednesday. Finally, B. Riley upped their price target on Jeld-Wen from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Jeld-Wen currently has an average rating of “Buy” and a consensus price target of $39.47.

Shares of Jeld-Wen (NYSE JELD) opened at $36.77 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.93 and a debt-to-equity ratio of 1.40. Jeld-Wen has a 1-year low of $27.61 and a 1-year high of $42.27.

In other news, SVP John R. Linker sold 7,235 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $236,873.90. Following the transaction, the senior vice president now owns 14,453 shares in the company, valued at approximately $473,191.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Kirk S. Hachigian sold 156,029 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $5,108,389.46. Following the completion of the transaction, the chairman now owns 413,930 shares in the company, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,207,636 shares of company stock worth $1,152,698,003.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Jeld-Wen by 69.1% in the 2nd quarter. BlackRock Inc. now owns 2,994,158 shares of the company’s stock valued at $97,191,000 after purchasing an additional 1,223,534 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Jeld-Wen in the 3rd quarter valued at about $579,000. Rhumbline Advisers boosted its position in shares of Jeld-Wen by 118.2% in the 3rd quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock valued at $2,060,000 after purchasing an additional 31,416 shares during the period. Vanguard Group Inc. boosted its position in shares of Jeld-Wen by 40.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,126,737 shares of the company’s stock valued at $101,493,000 after purchasing an additional 904,908 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in shares of Jeld-Wen by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock valued at $17,709,000 after purchasing an additional 2,826 shares during the period. 41.46% of the stock is owned by hedge funds and other institutional investors.

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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)

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